Young Farmer Success Act
Summary
AI Summary
This bill amends the Higher Education Act of 1965 to broaden eligibility for the Public Service Loan Forgiveness program. It specifically includes individuals working in a full-time job engaged in farm work, whether as an employee or manager of a qualified farm or ranch, among those who can receive federal student loan forgiveness.
A "qualified farm or ranch" is defined by its gross revenue from agricultural product sales, requiring at least $35,000 in 2026, with subsequent years' thresholds adjusted for inflation. This expansion aims to provide financial relief and support to individuals pursuing careers in agriculture, recognizing their contributions as a form of public service.
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Bill texts
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Timeline
Referred to the House Committee on Education and Workforce.
House of Representatives
Introduced in House
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