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Limiting Public Service Loan Forgiveness for High-Income Earners

This bill proposes changes to the Public Service Loan Forgiveness program. Monthly payments made by individuals with an adjusted gross income exceeding $173,000 per year will no longer count towards the required number of qualifying payments for loan forgiveness. This means higher-earning public servants may lose eligibility for full student loan forgiveness.
Key points
Introduces an income limit of $173,000 per year for Public Service Loan Forgiveness eligibility.
Payments made by borrowers exceeding this income threshold will not count towards the forgiveness requirement.
This change could impact the financial planning of higher-earning public service employees.
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Expired
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Additional Information
Print number: 117_HR_8098
Sponsor: Rep. Buck, Ken [R-CO-4]
Process start date: 2022-06-16
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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

To limit eligibility for public service loan forgiveness to borrowers of Federal student loans with incomes below a certain maximum threshold, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8098.

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 2022-06-16.

What are the main provisions?

Key points include:

  • Introduces an income limit of $173,000 per year for Public Service Loan Forgiveness eligibility.
  • Payments made by borrowers exceeding this income threshold will not count towards the forgiveness requirement.
  • This change could impact the financial planning of higher-earning public service employees.
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. Buck, Ken [R-CO-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Education Benefits