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Recognizing Military Service for Public Service Loan Forgiveness

This bill makes it easier for military members to qualify for federal student loan forgiveness. Periods of loan deferment during active duty military service will now count as qualifying payments, accelerating their path to loan forgiveness. This helps service members reduce their student debt faster.
Key points
Months when student loan payments were deferred due to active military service will count towards loan forgiveness.
This change applies to federal student loans under the Public Service Loan Forgiveness (PSLF) program.
It helps military personnel meet the time requirements for student debt forgiveness more quickly.
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Additional Information
Print number: 117_S_1480
Sponsor: Sen. Hassan, Margaret Wood [D-NH]
Process start date: 2021-04-29