HR 4258
106th Congress
House
Education
Collection of accounts
Economics and Public Finance
Elementary and secondary education
Elementary education
Federal aid to higher education
Federally-guaranteed loans
Government lending
Higher education
Income tax
Personal income tax
Scholarships
Secondary education
Student loan funds
Tax credits
Tax exclusion
Taxation
Teacher education
Teacher supply and demand
Teachers
Student Loan Forgiveness Act of 2000
Introduced: April 12, 2000
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 12, 2000
Referred to the Subcommittee on Postsecondary Education, Training and Life-Long Learning.
Apr 12, 2000
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 12, 2000
Introduced in House
Plain-English summary
Student Loan Forgiveness Act of 2000 - Title I: Student Loan Forgiveness for Teachers - Amends the Higher Education Act of 1965 to revise provisions for student loan forgiveness for teachers under the Federal Family Loan Program. Provides for such forgiveness for borrowers employed as full-time teachers in public elementary or secondary schools. Directs the Secretary of Education to repay, for each year of four years of such teaching service, up to one-fourth of the aggregate loan obligation outstanding at the beginning of the first year of service, so that the entire obligation is repaid at the end of such four years.
Amends the Internal Revenue Code (IRC) to provide that such student loan forgiveness shall not be included in an individual's gross income for income tax purposes.
Title II: Tax Credits for Teaching - Amends IRC to provide a tax credit of $1,000 for public elementary and secondary school teachers. Reduces the amount of such credit in cases of student loan forgiveness for teachers.
What's happening now
Referred to the Subcommittee on Postsecondary Education, Training and Life-Long Learning.
Cosponsors
1