Public Service Loan Forgiveness Modernization Act or the PSLF Modernization Act This bill revises provisions related to the public service loan forgiveness program. Specifically, the bill requires the Department of Education (ED) to establish a comprehensive database identifying each qualified public service employer and each position offered by such employer that is a public service job. ED must also establish a process whereby an employer may submit a certification that it is a qualified public service employer. In addition, the bill prohibits ED from requiring a borrower to apply for and be denied loan cancellation pursuant to the public service loan forgiveness program as a condition of eligibility for loan forgiveness under the Temporary Expanded Public Service Loan Forgiveness program. ED must also develop and make publicly available an online tool where borrowers may learn more about the expanded program, determine their eligibility for forgiveness, and identify any requirements for participation.
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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
Administrative law and regulatory proceduresGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment lending and loan guaranteesSocial work, volunteer service, charitable organizationsStudent aid and college costs
PSLF Modernization Act
USA116th CongressHR-4391| House
| Updated: 9/18/2019
Public Service Loan Forgiveness Modernization Act or the PSLF Modernization Act This bill revises provisions related to the public service loan forgiveness program. Specifically, the bill requires the Department of Education (ED) to establish a comprehensive database identifying each qualified public service employer and each position offered by such employer that is a public service job. ED must also establish a process whereby an employer may submit a certification that it is a qualified public service employer. In addition, the bill prohibits ED from requiring a borrower to apply for and be denied loan cancellation pursuant to the public service loan forgiveness program as a condition of eligibility for loan forgiveness under the Temporary Expanded Public Service Loan Forgiveness program. ED must also develop and make publicly available an online tool where borrowers may learn more about the expanded program, determine their eligibility for forgiveness, and identify any requirements for participation.
Administrative law and regulatory proceduresGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment lending and loan guaranteesSocial work, volunteer service, charitable organizationsStudent aid and college costs