US Congress House Bill 3026 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 14)
Status: Introduced on June 22 2017 - 25% progression, died in committee
Action: 2017-06-22 - Referred to the House Committee on Education and the Workforce.
Pending: House Education And The Workforce Committee
Text: Latest bill text (Introduced) [PDF]

Strengthening Loan Forgiveness for Public Servants Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Department of Education (ED) to cancel 15%, 15%, 20%, 20%, and 30% of the amount a borrower owes after 2, 4, 6, 8, and 10 years of public service employment, respectively, on a William D. Ford Federal Direct Loan made after this bill's enactment. (Currently, the balance of a borrower's Direct Loan is canceled if the borrower is not in default and has made 120 monthly payments on such loan while employed as a public service employee.) The bill: (1) requires borrowers availing themselves of such loan cancellation to submit an employment certification form that includes self-certification of employment and employer certification of employment dates, and (2) places the borrower's loan in deferment during the period in which the borrower is employed in an eligible public service job if the borrower submits such form to ED. If a portion of a loan is canceled for any year, the interest on such loan for such year must be canceled.

Strengthening Loan Forgiveness for Public Servants Act

Rep. Eric Swalwell [D-CA]	Rep. John Garamendi [D-CA]	Rep. Brendan Boyle [D-PA]	Rep. Derek Kilmer [D-WA]
Rep. Jimmy Panetta [D-CA]	Rep. Debbie Dingell [D-MI]	Rep. Diana DeGette [D-CO]	Sen. Peter Welch [D-VT]
Rep. Earl Blumenauer [D-OR]	Rep. Zoe Lofgren [D-CA]	Rep. Henry Johnson [D-GA]	Rep. Eleanor Norton [D-DC]
Rep. Tim Ryan [D-OH]	Rep. Chellie Pingree [D-ME]

Date	Chamber	Action
2017-06-22	House	Referred to the House Committee on Education and the Workforce.
2017-06-22	House	Introduced in House

SB1412 (Same As) 2017-06-22 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
SB2984 (Related) 2018-05-24 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S2936-2937)

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/3026/all-info
Text	https://www.congress.gov/115/bills/hr3026/BILLS-115hr3026ih.pdf