0
0
0
Teacher Debt Relief Act
3/6/2024, 4:35 PM
Summary of Bill S 3695
Bill 118 s 3695, also known as the Teacher Debt Relief Act, is a piece of legislation currently being considered in the US Congress. The purpose of this bill is to provide financial relief to teachers who are struggling with student loan debt.
Under the provisions of the Teacher Debt Relief Act, eligible teachers would be able to have a portion of their student loan debt forgiven. In order to qualify for this debt relief, teachers must have been employed full-time in a public or non-profit elementary or secondary school for at least five consecutive years.
The amount of debt forgiveness that teachers would be eligible for under this bill would vary depending on the number of years they have been teaching. Teachers who have been teaching for five years would be eligible for a certain percentage of debt forgiveness, while those who have been teaching for ten years or more would be eligible for a higher percentage. In addition to providing debt relief for teachers, the bill also includes provisions to streamline the application process for loan forgiveness and to increase awareness of the program among teachers. Overall, the Teacher Debt Relief Act aims to alleviate the financial burden faced by many teachers who have dedicated their careers to educating our nation's youth. By providing this much-needed relief, the bill seeks to support and retain talented educators in the field of education.
Under the provisions of the Teacher Debt Relief Act, eligible teachers would be able to have a portion of their student loan debt forgiven. In order to qualify for this debt relief, teachers must have been employed full-time in a public or non-profit elementary or secondary school for at least five consecutive years.
The amount of debt forgiveness that teachers would be eligible for under this bill would vary depending on the number of years they have been teaching. Teachers who have been teaching for five years would be eligible for a certain percentage of debt forgiveness, while those who have been teaching for ten years or more would be eligible for a higher percentage. In addition to providing debt relief for teachers, the bill also includes provisions to streamline the application process for loan forgiveness and to increase awareness of the program among teachers. Overall, the Teacher Debt Relief Act aims to alleviate the financial burden faced by many teachers who have dedicated their careers to educating our nation's youth. By providing this much-needed relief, the bill seeks to support and retain talented educators in the field of education.
Read the Full Bill
Current Status of Bill S 3695
Bill S 3695 is currently in the status of Bill Introduced since January 30, 2024. Bill S 3695 was introduced during Congress 118 and was introduced to the Senate on January 30, 2024. Bill S 3695's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of January 30, 2024
Bipartisan Support of Bill S 3695
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3695
Primary Policy Focus
EducationAlternate Title(s) of Bill S 3695
Teacher Debt Relief Act
Teacher Debt Relief Act
A bill to amend the Higher Education Act of 1965 to change certain eligibility provisions for loan forgiveness for teachers, and for other purposes.
A bill to amend the Higher Education Act of 1965 to change certain eligibility provisions for loan forgiveness for teachers, and for other purposes.
Comments
Sponsors and Cosponsors of S 3695
Latest Bills
To amend the Internal Revenue Code of 1986 to modify certain percentage depletion rules with respect to oil and gas wells.
Bill HR 8034April 7, 2026
To prohibit preferential screening for Members of Congress at airports, and for other purposes.
Bill HR 8049April 7, 2026
To expand credentialed, personalized financial and housing counseling to members of the Armed Forces serving on active duty or transitioning from service, and for other purposes.
Bill HR 8056April 7, 2026
To amend the FISA Amendments Act of 2008 to extend the authorities of title VII of the Foreign Intelligence Surveillance Act of 1978 through October 20, 2027, and for other purposes.
Bill HR 8035April 7, 2026
To amend title XVIII of the Social Security Act to ensure equitable payment for, and preserve Medicare beneficiary access to, cancer treatments under the Medicare hospital outpatient prospective payment system.
Bill HR 8032April 7, 2026
To amend title XLI of the FAST Act to lower the cost estimate threshold relating to eligibility of infrastructure projects for certain permitting processes, and for other purposes.
Bill HR 8003April 7, 2026
To amend the Defense Production Act of 1950 to limit eligibility for assistance, increase monetary penalties, establish fraud risk management processes, and for other purposes.
Bill HR 8030April 7, 2026
To prohibit a road construction project in the White River National Forest in the State of Colorado, and for other purposes.
Bill HR 8061April 7, 2026
To establish a reserve fund for the United States Secret Service, and for other purposes.
Bill HR 8058April 7, 2026
To amend title 38, United States Code, to require that a sterile processing technician of the Veterans Health Administration holds an appropriate professional certification, and for other purposes.
Bill HR 8052April 7, 2026
Teacher Debt Relief Act
Bill HR 7139March 4, 2024
LOAN Act
Bill HR 1731March 5, 2024