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Federal Student Loan Forgiveness for Income-Eligible Borrowers

This bill aims to forgive federal student loans for individuals meeting specific income requirements. If you qualify, you could have your student loan debt cleared, significantly impacting your personal finances. It's crucial to apply, as forgiveness is not automatic.
Key points
Forgiveness applies to federal student loans for undergraduate education taken out before the act's enactment.
To be eligible, your adjusted gross income must not exceed $100,000 (single) or $200,000 (married filing jointly).
You must be employed, or have been employed in the three years preceding March 1, 2020.
The forgiven loan amount will not be counted as taxable income.
No refunds will be issued for payments made before your loans are forgiven.
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Additional Information
Print number: 117_HR_2034
Sponsor: Rep. Lawson, Al, Jr. [D-FL-5]
Process start date: 2021-03-18
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Income-Driven Student Loan Forgiveness Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2034.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-18.

What are the main provisions?

Key points include:

  • Forgiveness applies to federal student loans for undergraduate education taken out before the act's enactment.
  • To be eligible, your adjusted gross income must not exceed $100,000 (single) or $200,000 (married filing jointly).
  • You must be employed, or have been employed in the three years preceding March 1, 2020.
  • The forgiven loan amount will not be counted as taxable income.
  • No refunds will be issued for payments made before your loans are forgiven.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Lawson, Al, Jr. [D-FL-5].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

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