US SB1175 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on April 11 2019 - 25% progression, died in committee
Action: 2019-04-11 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Revises the Public Service Loan Forgiveness (PSLF) program under the Federal Direct Loan program. Under current law, the PSLF program forgives the balance of a borrower's student debt after the borrower makes 120 qualifying loan payments under specified repayment plans while employed in a public service job. The bill expands the program to include payments under graduated or extended plans as payments that qualify a borrower for loan forgiveness under the PSLF program. The bill requires the Department of Education (ED) to provide each borrower who has submitted a certification of employment under the PSLF program with a notification related to changes made to the program and a calculation of the borrower's monthly payments that count toward loan forgiveness. It also requires ED to establish a dispute resolution process.

Tracking Information

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Title

PSLF Technical Corrections Act of 2019

Sponsors


History

DateChamberAction
2019-04-11SenateRead twice and referred to the Committee on Health, Education, Labor, and Pensions.

Subjects


US Congress State Sources


Bill Comments

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