ASAP Forgiveness Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 26, 2022)
Affording Students A Path to Forgiveness Act or the ASAP Forgiveness Act
This bill requires the Department of Education to cancel up to $30,000 of interest and principal due on any eligible Federal Direct Loan that is in repayment status for a borrower who (1) has made 60 monthly payments on the loan pursuant to any authorized repayment plan, and (2) has been employed for 10 years after graduating from or leaving the institution of higher education (IHE) for which the loan was made to enable the borrower to enroll at the IHE.
What just happenedMay 26, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Who’s behind it
- Introduced in SenateMay 26, 2022
- May 26, 2022IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Health, Education, Labor, and Pensions Committee - May 26, 2022IntroReferral10000
Introduced in Senate