Recognizing Military Service in PSLF Act

Senate Bill 1480 - Recognizing Military Service in PSLF Act: Overview, Status, and Impact

Hozzl · 2023-01-11T13:49:04Z

Explore the details of Senate Bill 1480 Recognizing Military Service in PSLF Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Education. Stay informed on legislative developments.

1/11/2023, 1:49 PM

Congressional Summary of S 1480

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.

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Current Status of Bill S 1480

Bill S 1480 is currently in the status of Bill Introduced since April 29, 2021. Bill S 1480 was introduced during Congress 117 and was introduced to the Senate on April 29, 2021. Bill S 1480's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of April 29, 2021

Bipartisan Support of Bill S 1480

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 1480

Primary Policy Focus

Education

Potential Impact Areas

- Government lending and loan guarantees

- Higher education

- Military personnel and dependents

- National Guard and reserves

- Student aid and college costs

Alternate Title(s) of Bill S 1480

Recognizing Military Service in PSLF Act

A bill to direct the Secretary of Education to deem each month for which certain Federal student loans are in deferment during a period of active duty service as months counted toward public service loan forgiveness.

Recognizing Military Service in PSLF Act