The SPELL Act expands existing federal student loan forgiveness programs to include teachers of English learners and bilingual or dual language immersion students. Currently, teachers in mathematics, science, and special education can receive loan forgiveness after five years of qualifying service; this bill adds teachers who work with English learners and bilingual students to those eligible categories. Teachers must be employed at public or nonprofit private elementary or secondary schools, must be certified by their school's leadership as having appropriate training and skills, and their students must match their area of training. The bill takes effect upon enactment and applies to teachers who become eligible for forgiveness after that date, though the legislation does not specify a dollar amount for the additional forgiveness available to these teachers.