Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-s-3487119th CongressWALLET
PSLF Payment Completion Fairness Act
Sponsored By: Senator Kim, Andy [D-NJ]
Introduced
Summary
Expand eligibility for Public Service Loan Forgiveness. This bill would change the PSLF eligibility test to make sure borrowers who performed qualifying public service can count that service toward forgiveness. It does this by amending the Higher Education Act's PSLF language, replacing a multi-part employment-status test with the single term "has been."
Show full summary
- Public service borrowers: Would help people who performed qualifying public service become eligible for PSLF by altering the statute's employment-status requirement.
- Statute change: Amends 20 U.S.C. 1087e by striking specified employment wording and inserting the single term "has been," narrowing the employment predicate used to judge eligibility.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More loan relief for public servants
If enacted, this bill would change how Public Service Loan Forgiveness (PSLF) counts qualifying work. It would amend Section 455(m)(1)(B) of the Higher Education Act by striking the phrase "(i) is employed" and all text through "(ii) has been" and replacing that text with the single word "has been." This would replace the statute's multi-part employment test with a simpler "has been" formulation. If enacted, more borrowers whose prior or current public-service work did not fit the old wording would be able to have that work counted toward PSLF. The change would take effect upon enactment.
Sponsors & CoSponsors
Sponsor
Kim, Andy [D-NJ]
NJ • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov