Student Loan Forgiveness for Farmers and Ranchers Act

Student Loan Forgiveness for Farmers and Ranchers Act This bill establishes a student loan forgiveness program for certain farmers or ranchers. Specifically, it requires the Department of Education to cancel the balance of interest and principal due on a borrower's Federal Direct Loans after such borrower makes 120 monthly loan payments under a specified repayment plan while employed full-time at a qualified farm or ranch.