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Student Loan Forgiveness for Work: Up to $30,000 Debt Relief

This proposed law creates a new program to help people pay off federal student loans. If you have eligible loans, make 60 monthly payments, and work for 10 years after leaving school, you could get up to $30,000 of your loan balance cancelled.
Key points
Offers up to $30,000 in federal student loan forgiveness.
Requires 10 years of employment (full-time or part-time) after leaving school.
Requires making at least 60 monthly loan payments.
Applies to specific types of federal direct loans.
Cannot be combined with other specific loan forgiveness programs for the same service.
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Expired
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Additional Information
Print number: 117_S_4342
Sponsor: Sen. Whitehouse, Sheldon [D-RI]
Process start date: 2022-05-26