S 5296
117th Congress
Senate
Education
Student Loan Forgiveness for Farmers and Ranchers Act
Introduced: December 19, 2022
Introduced by:
Murphy, Christopher
Democratic
· Connecticut
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 19, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Dec 19, 2022
Introduced in Senate
Plain-English summary
Student Loan Forgiveness for Farmers and Ranchers Act
This bill establishes a student loan forgiveness program for certain farmers or ranchers.
Specifically, to receive loan forgiveness under this bill, a borrower must (1) make 120 monthly loan payments under a specified repayment plan while employed full-time at a qualified farm or ranch; and (2) fall within certain categories of individuals such as a beginner farmer or rancher, an individual underrepresented in the agricultural profession, or a veteran farmer or rancher.
What's happening now
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Committees of jurisdiction
1