Easier Public Service Loan Forgiveness: Removing Current Employment Rule
This bill aims to simplify the Public Service Loan Forgiveness program for individuals who have served in public roles. The proposed changes mean you won't need to be currently employed in public service when applying for forgiveness, as long as you've met all past work and payment requirements. This will allow more eligible individuals to receive the forgiveness they earned.
Key points
Simplifies access to student loan forgiveness for public service workers.
Removes the requirement to be currently employed in public service at the time of applying for loan forgiveness.
Borrowers who completed their required service and payments can receive forgiveness even if they changed jobs.
Status:
Introduced
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