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Full Student Loan Forgiveness for Educators Serving High-Need Communities.

This bill establishes a program offering complete student loan forgiveness for educators, school leaders, and early childhood providers who commit to working in high-need schools or early childhood programs. After completing 5 years of full-time service, 100% of their covered loan debt, including interest and fees, will be assumed or canceled by the government. The program also provides immediate financial relief by covering minimum monthly payments during the service period.
Key points
100% student loan forgiveness (including interest) after 5 years of full-time service in high-need schools or early childhood education programs.
The government covers minimum monthly loan payments during the service period, including summer breaks, providing immediate financial relief.
Eligibility extends to teachers, school leaders, early childhood educators, and certain Parent PLUS loan borrowers associated with qualifying educators.
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Additional Information
Loan Forgiveness for Educators Act
Print number: HR 1757
Sponsor: Rep. Leger Fernandez, Teresa [D-NM-3]
Process start date: 2023-03-23