PSLF Technical Corrections Act
This bill amends the the Higher Education Act of 1965 to revise the Public Service Loan Forgiveness Program (PSLF) under the William D. Ford Federal Direct Loan Program. Under current law, the PSLF program forgives the the balance of a borrower's student debt after the borrower makes 120 qualifying loan payments under specified repayment plans while while employed in a public service job. This bill expands the program to include comparable payments under additional repayment plans as payments that qualify borrowers for loan forgiveness under PSLF.
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