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Student Loan Debt Relief and Workforce Upskilling Program

This act establishes a program to help citizens repay eligible student loans or cover education and training costs. Individuals aged 18-65 who received a specific tax credit can receive up to $10,000. The program aims to alleviate student debt burdens and enhance workforce skills.
Key points
Receive up to $10,000 to pay down qualifying student loans or cover educational and training expenses.
Eligibility requires being between 18 and 65 years old and having received a specific tax credit from the American Rescue Plan Act of 2021.
Funds can be used for federal and private student loans or for courses at accredited institutions and training programs.
Applications for benefits must be submitted within 5 years of the act's enactment.
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Additional Information
Pay Down, Upskill Act of 2021
Print number: HR 5523
Sponsor: Rep. Lamb, Conor [D-PA-17]
Process start date: 2021-10-08