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Student Loan Forgiveness for Young Farmers and Ranch Workers

This act aims to ease student loan burdens for individuals working on farms and ranches. It allows farm work to be considered public service, making them eligible for federal student loan forgiveness. This support intends to help young people pursue careers in agriculture by reducing their financial strain.
Key points
Full-time farm or ranch work can now qualify for federal student loan forgiveness.
This applies to employees or managers of qualified farms or ranches.
A qualified farm must meet specific annual gross revenue thresholds from agricultural product sales (e.g., $35,000 in 2022, adjusted for inflation annually).
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Additional Information
Print number: 117_HR_8549
Sponsor: Rep. Courtney, Joe [D-CT-2]
Process start date: 2022-07-28