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PSLF Payment Completion Fairness Act

USA117th CongressHR-7465| House 
| Updated: 4/7/2022
Chrissy Houlahan

Chrissy Houlahan

Democratic Representative

Pennsylvania

Cosponsors (12)
Derek Kilmer (Democratic)Joe Courtney (Democratic)Suzan K. DelBene (Democratic)Lucille Roybal-Allard (Democratic)André Carson (Democratic)James R. Baird (Republican)Mary Gay Scanlon (Democratic)Joe Neguse (Democratic)Cynthia Axne (Democratic)Brian K. Fitzpatrick (Republican)Mike Thompson (Democratic)Suzanne Bonamici (Democratic)

Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Public Service Loan Forgiveness Payment Completion Fairness Act or the PSLF Payment Completion Fairness Act This bill removes the requirement that a borrower must be employed in a public service job at the time of loan forgiveness under the Public Service Loan Forgiveness (PSLF) program. Under the current PSLF program, the Department of Education must cancel the balance of interest and principal due on a borrower's Federal Direct Loans after the borrower makes 120 monthly loan payments while employed in a public service job and, at the time of loan forgiveness, the borrower is employed in a public service job. This bill removes the requirement that the borrower must be working in a public service job at the time of loan forgiveness.
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Timeline
Apr 7, 2022
Introduced in House
Apr 7, 2022
Referred to the House Committee on Education and Labor.
  • April 7, 2022
    Introduced in House


  • April 7, 2022
    Referred to the House Committee on Education and Labor.

Education

Government lending and loan guaranteesHigher educationStudent aid and college costs

PSLF Payment Completion Fairness Act

USA117th CongressHR-7465| House 
| Updated: 4/7/2022
Public Service Loan Forgiveness Payment Completion Fairness Act or the PSLF Payment Completion Fairness Act This bill removes the requirement that a borrower must be employed in a public service job at the time of loan forgiveness under the Public Service Loan Forgiveness (PSLF) program. Under the current PSLF program, the Department of Education must cancel the balance of interest and principal due on a borrower's Federal Direct Loans after the borrower makes 120 monthly loan payments while employed in a public service job and, at the time of loan forgiveness, the borrower is employed in a public service job. This bill removes the requirement that the borrower must be working in a public service job at the time of loan forgiveness.
View Full Text

Suggested Questions

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

Timeline
Apr 7, 2022
Introduced in House
Apr 7, 2022
Referred to the House Committee on Education and Labor.
  • April 7, 2022
    Introduced in House


  • April 7, 2022
    Referred to the House Committee on Education and Labor.
Chrissy Houlahan

Chrissy Houlahan

Democratic Representative

Pennsylvania

Cosponsors (12)
Derek Kilmer (Democratic)Joe Courtney (Democratic)Suzan K. DelBene (Democratic)Lucille Roybal-Allard (Democratic)André Carson (Democratic)James R. Baird (Republican)Mary Gay Scanlon (Democratic)Joe Neguse (Democratic)Cynthia Axne (Democratic)Brian K. Fitzpatrick (Republican)Mike Thompson (Democratic)Suzanne Bonamici (Democratic)

Education and Workforce Committee

Education

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government lending and loan guaranteesHigher educationStudent aid and college costs