S.2168 - Student Loan Forgiveness for Farmers and Ranchers Act116th Congress (2019-2020)
|Sponsor:||Sen. Murphy, Christopher [D-CT] (Introduced 07/18/2019)|
|Committees:||Senate - Health, Education, Labor, and Pensions|
|Latest Action:||Senate - 07/18/2019 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (All Actions)|
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Summary: S.2168 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (07/18/2019)
Student Loan Forgiveness for Farmers and Ranchers Act
This bill establishes a student loan forgiveness program for certain farmers or ranchers.
Specifically, it requires the Department of Education to cancel the balance of interest and principal due on a borrower's Federal Direct Loans after such borrower makes 120 monthly loan payments under a specified repayment plan while employed full-time at a qualified farm or ranch.