Student Loan Forgiveness for Medicare and Social Security Recipients
This bill aims to forgive federal student loans for individuals eligible for Medicare benefits or those in the waiting period for such benefits. This means eligible citizens could have their student debt cleared, impacting their personal finances and economic stability.
Key points
Forgiveness applies to federal student loans, including consolidation loans, taken out at least 10 years before applying.
Eligibility extends to individuals enrolled in Medicare Part A or within the 24-month waiting period for these benefits.
The bill does not authorize refunds for payments made on loans before the forgiveness date.
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