S. 1480
Referred to CommitteeRecognizing Military Service in PSLF Act
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Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
4/29/2021 • Senate
Summary
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.
Introduced in Senate • 4/29/2021
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Sponsor & Cosponsors (7)
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Bill Journey
Originated in the Senate
Introduced
April 29, 2021
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law