Bill > S1203

This bill, the "What You Can Do For Your Country Act," aims to improve the public service loan forgiveness (PSLF) program under the Higher Education Act of 1965. The key provisions include: 1. Defining qualifying employers and monthly payment obligations for PSLF, providing a self-certification option, and requiring the Secretary to periodically review borrowers' progress towards forgiveness. 2. Allowing borrowers to satisfy previously non-qualifying monthly payment obligations by making additional payments, and providing protections for borrowers who consolidate their loans. 3. Requiring the Secretary to establish a database of qualifying employers, enter into data-matching agreements with federal agencies, and provide notices to borrowers about their PSLF eligibility and progress. 4. Transitioning current PSLF program participants to the improved program, including calculating the number of qualifying payments they have already made and providing retroactive partial loan forgiveness where applicable. Overall, the bill aims to simplify the PSLF program, increase transparency, and ensure more borrowers are able to take advantage of the loan forgiveness benefits.

Health and Social Services

https://www.congress.gov/bill/116th-congress/senate-bill/1203/all-info