US HB3096 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 24-0)
Status: Introduced on June 4 2019 - 25% progression, died in committee
Action: 2019-06-04 - Referred to the House Committee on Education and Labor.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Directs the Department of Education 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 a federal student loan made after this bill's enactment. Currently, the loan is forgiven if the borrower is not in default and has made 120 monthly payments on such loan while employed as a public service employee.

Tracking Information

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Title

Strengthening Loan Forgiveness for Public Servants Act

Sponsors


History

DateChamberAction
2019-06-04HouseReferred to the House Committee on Education and Labor.
2019-06-04HouseIntroduced in House

Same As/Similar To

SB3760 (Related) 2020-05-19 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Subjects


US Congress State Sources


Bill Comments

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