Bill > S2485

This bill aims to expand the Public Service Loan Forgiveness (PSLF) program by modifying existing law to include adjunct faculty members who meet specific teaching requirements. Currently, PSLF allows certain public service workers to have their federal student loans forgiven after making 120 qualifying payments, but the bill would broaden eligibility for part-time educators. Specifically, the bill would allow adjunct or contingent faculty members to qualify for loan forgiveness if they teach either at least 6 credit hours per semester, 6 credit hours per trimester, 18 credit hours per calendar year, or work a total of 30 hours per week (calculated by multiplying credit or contact hours by 3.35). To be eligible, these faculty members must work at an institution of higher education, postsecondary vocational institution, or Tribal College, and cannot be employed full-time by another employer. This change would provide financial relief to many part-time academic professionals who currently do not meet the existing loan forgiveness criteria, potentially helping to address economic challenges faced by adjunct faculty members who often work without job security or full-time benefits.

Health and Social Services

https://www.congress.gov/bill/119th-congress/senate-bill/2485/all-info