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Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Strengthening Loan Forgiveness for Public Servants Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill 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.

Actions Overview (1)

Date Actions Overview
06/22/2017Introduced in Senate

All Actions (1)

Date All Actions
06/22/2017Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Action By: Senate

Cosponsors (10)

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
Senate Health, Education, Labor, and Pensions06/22/2017 Referred to

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Latest Summary (1)

There is one summary for S.1412. View summaries

Shown Here:
Introduced in Senate (06/22/2017)

Strengthening Loan Forgiveness for Public Servants Act

This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Department of Education (ED) to cancel 15%, 15%, 20%, 20%, and 30% of the amount a borrower owes after 2, 4, 6, 8, and 10 years of public service employment, respectively, on a William D. Ford Federal Direct Loan made after this bill's enactment. (Currently, the balance of a borrower's Direct Loan is canceled if the borrower is not in default and has made 120 monthly payments on such loan while employed as a public service employee.)

The bill: (1) requires borrowers availing themselves of such loan cancellation to submit an employment certification form that includes self-certification of employment and employer certification of employment dates, and (2) places the borrower's loan in deferment during the period in which the borrower is employed in an eligible public service job if the borrower submits such form to ED.

If a portion of a loan is canceled for any year, the interest on such loan for such year must be canceled.