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Fulbright Programs Count Towards Public Service Student Loan Forgiveness.

This bill makes it easier for individuals serving in the Fulbright Teacher Exchange Program or as Fulbright English Teaching Assistants to repay their student loans. The change ensures that time spent in these specific programs is treated as public service employment, which is essential for qualifying for the Public Service Loan Forgiveness (PSLF) program. Citizens participating in these programs can achieve student debt relief sooner, providing a direct financial benefit.
Key points
Participation in the Fulbright Teacher Exchange Program is now recognized as qualifying public service employment.
Participation in the Fulbright English Teaching Assistant Program also qualifies for student loan cancellation.
Individuals with significant student debt working in these programs can benefit from faster debt cancellation under the PSLF plan.
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Additional Information
To amend the Higher Education Act of 1965 to allow participation in certain Fulbright programs to qualify for the repayment plan for public service employees, and for other purposes.
Print number: HR 8960
Sponsor: Rep. Beyer, Donald S. [D-VA-8]
Process start date: 2024-07-09