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Student Loan Forgiveness for Young Farmers and Ranchers

This act aims to ease student loan burdens for individuals working on farms or ranches. It recognizes full-time farm work as public service, making these individuals eligible for federal student loan forgiveness. This support encourages young people to pursue careers in agriculture by reducing their financial obligations.
Key points
Full-time farm or ranch work will qualify for federal student loan forgiveness programs.
Eligible farms and ranches must have annual gross revenue from agricultural sales of at least $35,000 (adjusted for inflation annually).
The change intends to support young individuals entering or continuing in the agricultural sector.
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Expired
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Additional Information
Print number: 118_HR_2728
Sponsor: Rep. Thompson, Glenn [R-PA-15]
Process start date: 2023-04-19
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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

Young Farmer Success Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2728.

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 2023-04-19.

What are the main provisions?

Key points include:

  • Full-time farm or ranch work will qualify for federal student loan forgiveness programs.
  • Eligible farms and ranches must have annual gross revenue from agricultural sales of at least $35,000 (adjusted for inflation annually).
  • The change intends to support young individuals entering or continuing in the agricultural sector.
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. Thompson, Glenn [R-PA-15].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and the Workforce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Education Agriculture Benefits