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Public Service Loan Forgiveness Protection Act

2/9/2022, 1:11 AM

Congressional Summary of S 3543

Public Service Loan Forgiveness Protection Act

This bill authorizes the Department of Education (ED) to waive monthly payments under the Public Service Loan Forgiveness (PSLF) program during a qualifying emergency (e.g., a public health emergency).

Specifically, ED may waive the requirement that a borrower make a monthly payment under the PSLF program during a month in which there is a qualifying emergency in the borrower's state of employment.

The bill specifies that a borrower will not be disqualified from receiving loan cancellation under the PSLF program due to failure to make a payment during a qualifying emergency.

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Current Status of Bill S 3543

Bill S 3543 is currently in the status of Bill Introduced since March 19, 2020. Bill S 3543 was introduced during Congress 116 and was introduced to the Senate on March 19, 2020.  Bill S 3543's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of March 19, 2020

Bipartisan Support of Bill S 3543

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3543

Primary Policy Focus

Education

Potential Impact Areas

- Emergency medical services and trauma care
- First responders and emergency personnel
- Government employee pay, benefits, personnel management
- Government lending and loan guarantees
- Health personnel
- Higher education
- Infectious and parasitic diseases
- Law enforcement officers
- Lawyers and legal services
- Military personnel and dependents
- Social work, volunteer service, charitable organizations
- Student aid and college costs
- Teaching, teachers, curricula

Alternate Title(s) of Bill S 3543

Public Service Loan Forgiveness Protection Act
Public Service Loan Forgiveness Protection Act
A bill to amend the public service loan forgiveness program under the Higher Education Act of 1965 to waive the requirement that a borrower make a monthly payment during a month for which there is a qualifying emergency in the State in which the borrower is employed.

Comments

Sponsors and Cosponsors of S 3543

Jon Tester
Jon Tester
MontanaDemocrat

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