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Easier Student Loan Forgiveness for Peace Corps and AmeriCorps Volunteers

This act aims to simplify federal student loan forgiveness for individuals who served in the Peace Corps or AmeriCorps. Periods of loan deferment or forbearance during their service will now count towards eligible payments, accelerating debt relief.
Key points
Periods when Peace Corps and AmeriCorps volunteers deferred or forebore federal student loan payments will count towards the required time for loan forgiveness.
This change applies to service periods after October 1, 2007, potentially helping many former and current volunteers achieve faster debt relief.
The Department of Education will consult with Peace Corps and AmeriCorps organizations, as well as volunteers, to properly implement the new rules.
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Additional Information
Print number: 118_HR_7457
Sponsor: Rep. Garamendi, John [D-CA-8]
Process start date: 2024-02-26
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Peace Corps and AmeriCorps Student Loan Forgiveness Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7457.

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 2024-02-26.

What are the main provisions?

Key points include:

  • Periods when Peace Corps and AmeriCorps volunteers deferred or forebore federal student loan payments will count towards the required time for loan forgiveness.
  • This change applies to service periods after October 1, 2007, potentially helping many former and current volunteers achieve faster debt relief.
  • The Department of Education will consult with Peace Corps and AmeriCorps organizations, as well as volunteers, to properly implement the new rules.
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. Garamendi, John [D-CA-8].

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.

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