[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8098 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 8098

 To limit eligibility for public service loan forgiveness to borrowers 
     of Federal student loans with incomes below a certain maximum 
                   threshold, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 16, 2022

  Mr. Buck (for himself and Mr. Banks) introduced the following bill; 
       which was referred to the Committee on Education and Labor

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                                 A BILL


 
 To limit eligibility for public service loan forgiveness to borrowers 
     of Federal student loans with incomes below a certain maximum 
                   threshold, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCOME LIMIT FOR PUBLIC SERVICE LOAN FORGIVENESS.

    Section 455(m) of the Higher Education Act of 1965 (20 U.S.C. 
1087e(m)) is amended--
            (1) by redesignating paragraphs (2) through (4) as 
        paragraphs (3) through (5), respectively;
            (2) in paragraph (1), in the matter preceding subparagraph 
        (A), by striking ``paragraph (2)'' and inserting ``paragraph 
        (3)''; and
            (3) by inserting after paragraph (1) the following:
            ``(2) Income limit.--Notwithstanding any other provision of 
        this subsection, a monthly payment made on an eligible Federal 
        Direct Loan during any year in which the adjusted gross income 
        of the borrower exceeds $173,000 shall not be counted for 
        purposes of determining the number of qualifying payments made 
        by the borrower under paragraph (1)(A).''.
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