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Interactive Dashboard for Student Loan Forgiveness and Repayment Information.

This Act mandates the Department of Education to establish an interactive online dashboard within two years to centralize and simplify information about all federal student loan forgiveness, cancellation, and income-driven repayment programs. This tool will allow citizens with student debt to easily determine their eligibility for relief or affordable repayment plans, reducing complexity and improving access to crucial financial options.
Key points
Centralized Information: Creation of a single, user-friendly online portal detailing all federal student loan relief and repayment programs.
Simplified Eligibility Check: The dashboard will clearly explain eligibility requirements, including those related to career field, loan type, or military service.
Search Functionality: Users can search for relevant programs based on key categories like career field, program of study, and loan type.
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Additional Information
SMARTER Debt Act
Print number: S 3524
Sponsor: Sen. Manchin, Joe, III [D-WV]
Process start date: 2023-12-14