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Simplifying and Strengthening Public Service Loan Forgiveness Act

3/13/2024, 3:37 AM

Congressional Summary of S 4345

Simplifying and Strengthening Public Service Loan Forgiveness Act

This bill makes changes to the Public Service Loan Forgiveness (PSLF) program, including by (1) lowering the number of monthly payments required for loan forgiveness from 120 to 60; and (2) making permanent certain limited waivers, such as a waiver that allowed certain late or partial loan payments to count as qualifying payments for PSLF loan forgiveness.

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Current Status of Bill S 4345

Bill S 4345 is currently in the status of Bill Introduced since May 26, 2022. Bill S 4345 was introduced during Congress 117 and was introduced to the Senate on May 26, 2022.  Bill S 4345's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of May 26, 2022

Bipartisan Support of Bill S 4345

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

Policy Area and Potential Impact of Bill S 4345

Primary Policy Focus

Education

Alternate Title(s) of Bill S 4345

Simplifying and Strengthening Public Service Loan Forgiveness Act
Simplifying and Strengthening Public Service Loan Forgiveness Act
A bill to amend the Higher Education Act of 1965 to amend the public service loan forgiveness program.

Comments

Sponsors and Cosponsors of S 4345

Sheldon Whitehouse
Sheldon Whitehouse
Rhode IslandDemocrat
Jeff Merkley
Jeff Merkley
OregonDemocrat

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