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Student Loan Relief: Faster Forgiveness and Interest Reimbursement

This bill aims to ease the burden of federal student loan repayment for public service workers. It shortens the time required for debt forgiveness and provides reimbursement for paid interest, potentially significantly reducing financial strain for many citizens.
Key points
50% debt cancellation after 5 years (60 payments) of public service, instead of the previous 10 years.
Remaining debt cancellation after another 5 years (total 10 years) of public service.
Reimbursement of all interest paid after each 5-year period of public service.
Codification of the Limited PSLF Waiver program rules, making it easier to qualify for debt forgiveness.
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Expired
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Additional Information
Print number: 117_HR_9065
Sponsor: Rep. McNerney, Jerry [D-CA-9]
Process start date: 2022-09-29
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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

Student Loan Earned Relief Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9065.

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 2022-09-29.

What are the main provisions?

Key points include:

  • 50% debt cancellation after 5 years (60 payments) of public service, instead of the previous 10 years.
  • Remaining debt cancellation after another 5 years (total 10 years) of public service.
  • Reimbursement of all interest paid after each 5-year period of public service.
  • Codification of the Limited PSLF Waiver program rules, making it easier to qualify for debt forgiveness.
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. McNerney, Jerry [D-CA-9].

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.

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