A bill to amend the public service loan forgiveness program under the Higher Education Act of 1965 to waive the requirement that a borrower make a monthly payment during a month for which there is a qualifying emergency in the State in which the borrower is employed.
About This Bill
Committee
Latest Action · March 19, 2020
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Public Service Loan Forgiveness Protection Act
This bill authorizes the Department of Education (ED) to waive monthly payments under the Public Service Loan Forgiveness (PSLF) program during a qualifying emergency (e.g., a public health emergency).
Specifically, ED may waive the requirement that a borrower make a monthly payment under the PSLF program during a month in which there is a qualifying emergency in the borrower's state of employment.
The bill specifies that a borrower will not be disqualified from receiving loan cancellation under the PSLF program due to failure to make a payment during a qualifying emergency.
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