Bill > S1863

This bill modifies the Public Service Loan Forgiveness (PSLF) program to provide more flexible loan forgiveness options for members of the Armed Forces, National Guard, and the National Oceanic and Atmospheric Administration (NOAA) commissioned corps. Specifically, the bill allows borrowers in covered active duty service to receive credit for monthly loan payments during periods of military deferment or forbearance, even if no actual payment was made. The bill waives certain employment continuity requirements if a borrower completes 10 years of full-time service in active duty roles. Additionally, it ensures that service members can receive loan forgiveness under the PSLF program regardless of when they initially enrolled in the program. The definition of "covered active duty service" is expanded to include both traditional active military service and full-time duty in the NOAA commissioned corps. These changes aim to provide greater loan forgiveness support and recognition for military and public service members who have been unable to make consistent loan payments due to their service commitments.

Health and Social Services

https://www.congress.gov/bill/119th-congress/senate-bill/1863/all-info