Recognizing Military Service in PSLF Act
- Last Action
- 5/25/2021
Actions
- 2021-05-25Referred to the House Committee on Education and Labor.
- 2021-05-25Introduced in House
- 2021-05-25Introduced in House
CRS Summary
As of 2021-05-25 (00)
Recognizing Military Service in PSLF Act
This bill requires the Department of Education to count each month for which a borrower's federal student loan payment was in deferment or forbearance during a period of active duty, including certain National Guard duty, as a qualifying payment for the purpose of the Public Service Loan Forgiveness (PSLF) program.
Under current law, a borrower who is a service member is eligible to receive student loan forgiveness under the PSLF program; however, if the borrower places their loan into deferment or forbearance while they are on active duty, that period of time does not count as a qualifying payment for the PSLF program.
Cosponsors (7)
- Dusty Johnson (R-SD)
- Jahana Hayes (D-CT)
- C. Franklin (R-FL)
- Jerry Carl (R-AL)
- Ruben Gallego (D-AZ)
- Conor Lamb (D-PA)
- Salud Carbajal (D-CA)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.