S. 1331 · 118th Congress
PSLF Payment Completion Fairness Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MenendezSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Public Service Loan Forgiveness Payment Completion Fairness Act or the PSLF Payment Completion Fairness Act
What it does: CRS summary · Introduced in Senate · Apr 27, 2023
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: PSLF Payment Completion Fairness Act
Also known as: Public Service Loan Forgiveness Payment Completion Fairness Act
Latest action (Apr 10, 2024): Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy. Hearings held.
Policy area: Education · Origin: Senate · Introduced: Apr 27, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.