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A bill to amend the Higher Education Act of 1965 to provide for a percentage of student loan forgiveness for public service employment, and for other purposes.

USA115th CongressS-1412| Senate 
| Updated: 6/22/2017
Richard Blumenthal

Richard Blumenthal

Democratic Senator

Connecticut

Cosponsors (10)
Jeanne Shaheen (Democratic)Mazie K. Hirono (Democratic)Margaret Wood Hassan (Democratic)Tom Udall (Democratic)Dianne Feinstein (Democratic)Patrick J. Leahy (Democratic)Edward J. Markey (Democratic)Elizabeth Warren (Democratic)Al Franken (Democratic)Benjamin L. Cardin (Democratic)

Health, Education, Labor, and Pensions Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Strengthening Loan Forgiveness for Public Servants Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Department of Education (ED) 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 William D. Ford Federal Direct Loan made after this bill's enactment. (Currently, the balance of a borrower's Direct Loan is canceled if the borrower is not in default and has made 120 monthly payments on such loan while employed as a public service employee.) The bill: (1) requires borrowers availing themselves of such loan cancellation to submit an employment certification form that includes self-certification of employment and employer certification of employment dates, and (2) places the borrower's loan in deferment during the period in which the borrower is employed in an eligible public service job if the borrower submits such form to ED. If a portion of a loan is canceled for any year, the interest on such loan for such year must be canceled.
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Timeline
Jun 22, 2017

Latest Companion Bill Action

HR 115-3026
Introduced in House
Jun 22, 2017
Introduced in Senate
Jun 22, 2017
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • June 22, 2017

    Latest Companion Bill Action

    HR 115-3026
    Introduced in House


  • June 22, 2017
    Introduced in Senate


  • June 22, 2017
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Education

Related Bills

  • HR 115-3026: To amend the Higher Education Act of 1965 to provide for a percentage of student loan forgiveness for public service employment, and for other purposes.
  • S 115-2984: A bill to amend the Higher Education Act of 1965 to provide greater access to higher education for America's students, to eliminate educational barriers for participation in a public service career, and for other purposes.
Government employee pay, benefits, personnel managementGovernment information and archivesHealth personnelHigher educationInterest, dividends, interest ratesLaw enforcement officersMilitary personnel and dependentsSocial work, volunteer service, charitable organizationsStudent aid and college costs

A bill to amend the Higher Education Act of 1965 to provide for a percentage of student loan forgiveness for public service employment, and for other purposes.

USA115th CongressS-1412| Senate 
| Updated: 6/22/2017
Strengthening Loan Forgiveness for Public Servants Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Department of Education (ED) 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 William D. Ford Federal Direct Loan made after this bill's enactment. (Currently, the balance of a borrower's Direct Loan is canceled if the borrower is not in default and has made 120 monthly payments on such loan while employed as a public service employee.) The bill: (1) requires borrowers availing themselves of such loan cancellation to submit an employment certification form that includes self-certification of employment and employer certification of employment dates, and (2) places the borrower's loan in deferment during the period in which the borrower is employed in an eligible public service job if the borrower submits such form to ED. If a portion of a loan is canceled for any year, the interest on such loan for such year must be canceled.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 22, 2017

Latest Companion Bill Action

HR 115-3026
Introduced in House
Jun 22, 2017
Introduced in Senate
Jun 22, 2017
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • June 22, 2017

    Latest Companion Bill Action

    HR 115-3026
    Introduced in House


  • June 22, 2017
    Introduced in Senate


  • June 22, 2017
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Richard Blumenthal

Richard Blumenthal

Democratic Senator

Connecticut

Cosponsors (10)
Jeanne Shaheen (Democratic)Mazie K. Hirono (Democratic)Margaret Wood Hassan (Democratic)Tom Udall (Democratic)Dianne Feinstein (Democratic)Patrick J. Leahy (Democratic)Edward J. Markey (Democratic)Elizabeth Warren (Democratic)Al Franken (Democratic)Benjamin L. Cardin (Democratic)

Health, Education, Labor, and Pensions Committee

Education

Related Bills

  • HR 115-3026: To amend the Higher Education Act of 1965 to provide for a percentage of student loan forgiveness for public service employment, and for other purposes.
  • S 115-2984: A bill to amend the Higher Education Act of 1965 to provide greater access to higher education for America's students, to eliminate educational barriers for participation in a public service career, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government employee pay, benefits, personnel managementGovernment information and archivesHealth personnelHigher educationInterest, dividends, interest ratesLaw enforcement officersMilitary personnel and dependentsSocial work, volunteer service, charitable organizationsStudent aid and college costs