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To amend the Higher Education Act of 1965 to provide for a percentage of student loan forgiveness for public service employment, and for other purposes.

1/4/2025, 11:12 AM

Summary of Bill HR 10507

Bill 118 hr 10507, also known as the Public Service Loan Forgiveness Enhancement Act, aims to amend the Higher Education Act of 1965 to provide student loan forgiveness for individuals working in public service jobs. The bill proposes that a certain percentage of a borrower's student loans be forgiven for each year of public service employment.

The main goal of this legislation is to incentivize individuals to pursue careers in public service by easing the burden of student loan debt. By offering loan forgiveness, the bill aims to attract more individuals to work in fields such as education, healthcare, and government, where there is a high demand for qualified professionals.

In addition to providing loan forgiveness for public service employment, the bill also includes provisions for other purposes related to higher education. These may include measures to improve access to higher education, increase affordability, and support students in achieving their academic and career goals. Overall, the Public Service Loan Forgiveness Enhancement Act seeks to address the growing issue of student loan debt while also encouraging individuals to pursue careers in public service. By offering loan forgiveness for those working in public service jobs, the bill aims to support individuals in making a positive impact on their communities while also advancing their own professional development.

Current Status of Bill HR 10507

Bill HR 10507 is currently in the status of Bill Introduced since December 18, 2024. Bill HR 10507 was introduced during Congress 118 and was introduced to the House on December 18, 2024.  Bill HR 10507's most recent activity was Referred to the House Committee on Education and the Workforce. as of December 18, 2024

Bipartisan Support of Bill HR 10507

Total Number of Sponsors
3
Democrat Sponsors
3
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
8
Democrat Cosponsors
8
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 10507

Primary Policy Focus

Alternate Title(s) of Bill HR 10507

To amend the Higher Education Act of 1965 to provide for a percentage of student loan forgiveness for public service employment, and for other purposes.
To amend the Higher Education Act of 1965 to provide for a percentage of student loan forgiveness for public service employment, and for other purposes.

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