Student Loan Forgiveness for Frontline Health Workers Act
This act aims to forgive federal and repay private student loans for healthcare workers on the front lines of the COVID-19 response. This includes doctors, nurses, paramedics, and others who provided pandemic-related services. The forgiven amounts will not be counted as taxable income, providing real financial relief for eligible individuals.
Key points
Debt Relief: Frontline healthcare workers may have their federal student loans forgiven and private student loans repaid.
Tax Exemption: Forgiven loan amounts will not be included in taxable income, increasing the real financial benefit.
Broad Coverage: The program covers various medical professions, including medical students, lab workers, and researchers who provided COVID-19 related services.
Streamlined Process: A single application for both federal and private loans is introduced, along with an appeal process for denied applications.
Family Support: The program also includes loan forgiveness for workers who died as a result of the coronavirus, to relieve their families.
Expired
Additional Information
Print number: 117_HR_2418
Sponsor: Rep. Maloney, Carolyn B. [D-NY-12]
Process start date: 2021-04-08