Public Service Pays Off Act This bill requires the Department of Education to incrementally cancel a percentage of the obligation to repay the balance on eligible Federal Direct Loans for a borrower who, while employed in public service, makes qualifying payments for 2, 4, 6, 8, and 10 years.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Education and Labor.
Introduced in House
Referred to the House Committee on Education and Labor.
Education
Government employee pay, benefits, personnel managementGovernment lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent aid and college costs
Public Service Pays Off Act
USA116th CongressHR-4113| House
| Updated: 7/30/2019
Public Service Pays Off Act This bill requires the Department of Education to incrementally cancel a percentage of the obligation to repay the balance on eligible Federal Direct Loans for a borrower who, while employed in public service, makes qualifying payments for 2, 4, 6, 8, and 10 years.
Government employee pay, benefits, personnel managementGovernment lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent aid and college costs