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Strengthening Loan Forgiveness for Public Servants Act

Introduced: June 4, 2019 See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 4, 2019
Referred to the House Committee on Education and Labor.
Jun 4, 2019
Introduced in House
 Plain-English summary Congressional Research Service

Strengthening Loan Forgiveness for Public Servants Act

This bill directs the Department of Education to cancel 15%, 15%, 20%, 20%, and 30% of the amount a borrower owes after 2, 4, 6, 8, and 10 years of public service employment, respectively, on a federal student loan made after this bill's enactment. Currently, the loan is forgiven if the borrower is not in default and has made 120 monthly payments on such loan while employed as a public service employee.

What's happening now June 4, 2019

Referred to the House Committee on Education and Labor.

 Committees of jurisdiction 1