Bill > S3487

This bill, titled the Public Service Loan Forgiveness Payment Completion Fairness Act, aims to simplify eligibility for Public Service Loan Forgiveness (PSLF), a program that forgives the remaining balance on federal Direct Loans for borrowers who have made 120 qualifying monthly payments while working full-time for a government or not-for-profit organization. Specifically, it amends Section 455(m)(1)(B) of the Higher Education Act of 1965 by removing a clause that previously required borrowers to be "employed" and then "has been" employed, streamlining the requirement to simply "has been" employed in qualifying public service for the full 120 payments. This change is intended to ensure that borrowers who have fulfilled the service requirements are not unfairly denied forgiveness due to minor technicalities in how their employment was documented or described in the original law.

Health and Social Services

https://www.congress.gov/bill/119th-congress/senate-bill/3487/all-info