Ask AI
S. 1203

What You Can Do For Your Country Act

What You Can Do For Your Country Act

This bill revises the Public Service Loan Forgiveness (PSLF) program, including by

  • allowing borrowers with loans under the Federal Family Education Loan program to be eligible for the PSLF program,
  • allowing borrowers to receive loan forgiveness on half of their total loans after satisfying 60 qualifying payment obligations,
  • revising provisions related to loan consolidation,
  • revising the types of payments that count toward qualifying payment obligations,
  • defining full-time employment as 30 hours per week,
  • requiring the Department of Education (ED) to provide certain notices to borrowers,
  • revising the process for certification of employment,
  • requiring ED to establish a database of qualifying employers,
  • providing a process for borrowers to satisfy past monthly payment obligations,
  • requiring lenders to provide to ED necessary borrower repayment history information, and
  • requiring ED to establish a dispute resolution process.

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Sen. Gillibrand, Kirsten E. [D-NY](D-NY)Sponsor
28 cosponsors27 D1 I
28cosponsors1committees2actions2related bills15subjects
  1. IntroReferral

    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

    Health, Education, Labor, and Pensions Committee
  2. IntroReferral10000

    Introduced in Senate

What You Can Do For Your Country Act — Informed