US Congress Senate Bill 1412 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on June 22 2017 - 25% progression, died in committee
Action: 2017-06-22 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions 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

Sen. Richard Blumenthal [D-CT]	Sen. Elizabeth Warren [D-MA]	Sen. Edward Markey [D-MA]	Sen. Al Franken [D-MN]
Sen. Jeanne Shaheen [D-NH]	Sen. Tom Udall [D-NM]	Sen. Mazie Hirono [D-HI]	Sen. Margaret Hassan [D-NH]
Sen. Dianne Feinstein [D-CA]	Sen. Patrick Leahy [D-VT]	Sen. Benjamin Cardin [D-MD]

Date	Chamber	Action
2017-06-22	Senate	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

HB3026 (Same As) 2017-06-22 - Referred to the House Committee on Education and the Workforce.
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/senate-bill/1412/all-info
Text	https://www.congress.gov/115/bills/s1412/BILLS-115s1412is.pdf