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Bill > HR7457


US HR7457

US HR7457
Peace Corps and AmeriCorps Student Loan Forgiveness Act


summary

Introduced
02/26/2024
In Committee
02/26/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To direct the Secretary of Education to count months during which Peace Corps volunteers and AmeriCorps members have eligible Federal Direct Loans in deferment or forbearance toward eligibility for public service loan forgiveness, and for other purposes.

AI Summary

This bill, the Peace Corps and AmeriCorps Student Loan Forgiveness Act, directs the Secretary of Education to count the months during which Peace Corps volunteers and AmeriCorps members have eligible Federal Direct Loans in deferment or forbearance toward eligibility for public service loan forgiveness. This means that the time these individuals spend in service will be counted toward the loan forgiveness program, even if they were not making payments during that time. The bill also requires the Secretary of Education to consult with the Peace Corps, the Corporation for National and Community Service, and affected borrowers when implementing this change.

Committee Categories

Education

Sponsors (18)

Last Action

Referred to the House Committee on Education and the Workforce. (on 02/26/2024)

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