Summary: S.1203 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.1203. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (04/11/2019)

What You Can Do For Your Country Act

This bill revises the Public Service Loan Forgiveness (PSLF) program, including by

  • allowing borrowers with loans under the Federal Family Education Loan program to be eligible for the PSLF program,
  • allowing borrowers to receive loan forgiveness on half of their total loans after satisfying 60 qualifying payment obligations,
  • revising provisions related to loan consolidation,
  • revising the types of payments that count toward qualifying payment obligations,
  • defining full-time employment as 30 hours per week,
  • requiring the Department of Education (ED) to provide certain notices to borrowers,
  • revising the process for certification of employment,
  • requiring ED to establish a database of qualifying employers,
  • providing a process for borrowers to satisfy past monthly payment obligations,
  • requiring lenders to provide to ED necessary borrower repayment history information, and
  • requiring ED to establish a dispute resolution process.