S. 963 · 118th Congress
Loan Forgiveness for Educators 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.
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LujánSponsor19 cosponsors · 19 D
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Brown
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Baldwin
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Blumenthal
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Booker
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Casey
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Duckworth
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Feinstein
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Heinrich
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Kelly
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Kaine
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Markey
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Menendez
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Merkley
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Padilla
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Reed
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Van Hollen
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Wyden
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Welch
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Smith17 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill expands loan forgiveness for educators by revising the Teacher Loan Forgiveness Program. The program provides loan forgiveness (up to $17,500) for teachers who are highly qualified, teach full-time in a low-income elementary or secondary school or educational service agency, and complete five years of consecutive service.
What it does: CRS summary · Introduced in Senate · Mar 23, 2023
Loan Forgiveness for Educators Act
This bill expands loan forgiveness for educators by revising the Teacher Loan Forgiveness Program. The program provides loan forgiveness (up to $17,500) for teachers who are highly qualified, teach full-time in a low-income elementary or secondary school or educational service agency, and complete five years of consecutive service.
Specifically, the bill renames the program as the Educator Loan Forgiveness Programs.
Additionally, the bill expands the program by making additional loan types eligible for benefits under the program (e.g., parent PLUS loans).
Further, the bill expands program eligibility to early childhood educators and program directors serving in early childhood education programs and school leaders serving in public high-need schools.
The bill requires the Department of Education to
- make monthly student loan payments on behalf of the educator during qualifying service (i.e., employment as a full-time qualifying educator in a high-need school or an early childhood education program),
- provide complete loan forgiveness after five years of qualifying service, and
- take steps to notify borrowers about changes to the program.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Loan Forgiveness for Educators Act
Latest action (Mar 23, 2023): Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Policy area: Education · Origin: Senate · Introduced: Mar 23, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.