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- S.2478
S.2478: Strengthening Loan Forgiveness for Public Servants Act
About This Bill
- Introduced July 27, 2021
- Latest Major Action July 27, 2021
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (All Democrats)
Bill Version
- Introduced in Senate - July 27, 2021
Bill Summary
Strengthening Loan Forgiveness for Public Servants Act This bill revises the Public Service Loan Forgiveness (PSLF) program to provide for partial loan cancellation based on the length of public service employment. Specifically, the bill directs the Department of Education (ED) to cancel 15%, 15%, 20%, 20%, and 30% of the amount a borrower owes after 2, 4, 6, 8, and 10 years of public service employment, respectively, on Federal Direct Loans...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 27, 2021 |
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
|
| July 27, 2021 |
Introduced in the Senate by Richard Blumenthal (D-Conn.) |