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Strengthening Loan Forgiveness for Public Servants During the COVID–19 Crisis Act
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Strengthening Loan Forgiveness for Public Servants During the COVID-19 Crisis Act This bill revises the Public Service Loan Forgiveness (PSLF) program to provide for partial loan cancellation based on the length of public service employment. It also allows public service employees who are impacted by the COVID-19 (i.e., coronavirus disease 2019) public health emergency to continue to participate, without disruption, in the PSLF program. First, the bill directs the Department of Education (ED) to cancel 15%, 15%, 20%, 20%, and 30% of the amount a borrower owes after 2, 4, 6, 8, and 10 years of public service employment, respectively, on Federal Direct Loans made after the bill's enactment. In addition, an individual who was employed in a public service job and who experiences lapse in employment (e.g., a furlough, a layoff, or the individual's resignation due to illness or caregiving responsibilities) because of the COVID-19 public health emergency may continue to participate in the PSLF program without disruption. The bill treats such an individual as employed in a public service job during the emergency and deems a monthly payment made by the individual as a qualifying monthly payment toward loan cancellation under the PSLF program. However, unless the individual would have completed requirements for partial or full loan cancellation during the public health emergency, the individual must resume employment in a public service job within six months after the end of the emergency. Finally, ED must develop and make available guidance related to certain assistance provided by the bill.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (1)
2020 · fourth_quarter · Education
Higher Education Act reauthorization; H.R. 4647 - the College Affordability Act H.R. 1043/S.460 - Employer Participation in Repayment Act S. 609 - Protecting JOBs Act H.R. 2099 -Wildlife Veterinarians Employment and Training Act S. 1428 - Retirement Parity for Student Loans Act H.R. 3102 - Helping Individuals Get a Higher Education while Reducing Education Debt (HIGHER ED) Act H.R. 3418 - Protecting Our Students by Terminating Graduate Rates that Add to Debt Act (POST Grad Act) H.R. 2065/S. 1002 - Affordable Loans for Any Student Act H.R. 2728/S. 1489 - Joint Consolidation Loan Separation Act H.R. 2129/S. 1496 - Empowering Students Though Enhanced Financial Counseling Act H.R. 3674 - Eliminating the Hidden Student Loan Tax Act; S. 1696, Student Loan Tax Elimination Act of 2019 H.R. 2186 - Student Loan Refinancing Act H.R. 3098 - Student Loan Interest Deduction Act S. 379 - To amend the Internal Revenue Code of 1986 to permit amounts paid for programs to obtain a recognized postsecondary credential or a license to be treated as qualified higher education expenses for purposes of a 529 account S. 1175 - PSLF Technical Corrections Act Public Service Loan Forgiveness Program implementation Coronavirus Aid Relief and Economic Security Act (P.L. 116-136); suspension of federal student loan repayment and interest accrual; PSLF enhancements; H.R. 6800 HEROES Act related to student loan provisions S. 3760 - Strengthening Loan Forgiveness for Public Servants During the COVID-19 Crisis Act
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: Not reported · Firm income: $290,000
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, Small Business Administration (SBA), Treasury, Dept of
2020 · third_quarter · Education
Higher Education Act reauthorization; H.R. 4647, the College Affordability Act H.R. 1043/S.460, Employer Participation in Repayment Act Public Service Loan Forgiveness Program implementation S. 609, Protecting JOBs Act H.R. 2099, Wildlife Veterinarians Employment and Training Act S. 1428 Retirement Parity for Student Loans Act H.R. 3102 Helping Individuals Get a Higher Education while Reducing Education Debt (HIGHER ED) Act H.R. 3418 Protecting Our Students by Terminating Graduate Rates that Add to Debt Act (POST Grad Act) H.R. 2065/S. 1002 Affordable Loans for Any Student Act H.R. 2728/S. 1489 Joint Consolidation Loan Separation Act H.R. 2129/S. 1496 Empowering Students Though Enhanced Financial Counseling Act H.R. 3674 Eliminating the Hidden Student Loan Tax Act; S. 1696, Student Loan Tax Elimination Act of 2019 H.R. 2186 Student Loan Refinancing Act H.R. 3098 Student Loan Interest Deduction Act S. 379 To amend the Internal Revenue Code of 1986 to permit amounts paid for programs to obtain a recognized postsecondary credential or a license to be treated as qualified higher education expenses for purposes of a 529 account S. 1175 PSLF Technical Corrections Act Public Service Loan Forgiveness Program implementation S. 3760 Strengthening Loan Forgiveness for Public Servants During the COVID-19 Crisis Act
Client expense: Not reported · Firm income: $240,000
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, Treasury, Dept of
2020 · second_quarter · Education
Higher Education Act reauthorization; H.R. 4647 College Affordability Act S. 1163/H.R. 2746 Veterinary Medicine Loan Repayment Program Enhancement Act Public Service Loan Forgiveness Program implementation S. 609 Protecting JOBs Act H.R. 2099 Wildlife Veterinarians Employment and Training Act H.R. 3102 Helping Individuals Get a Higher Education while Reducing Education Debt (HIGHER ED) Act H.R. 3418 Protecting Our Students by Terminating Graduate Rates that Add to Debt Act (POST Grad Act) H.R. 2065/S. 1002 Affordable Loans for Any Student Act H.R. 2728/S. 1489 Joint Consolidation Loan Separation Act H.R. 2129/S. 1496 Empowering Students Though Enhanced Financial Counseling Act H.R. 3674 Eliminating the Hidden Student Loan Tax Act; S. 1696, Student Loan Tax Elimination Act of 2019 H.R. 2186 Student Loan Refinancing Act H.R. 3098 Student Loan Interest Deduction Act S. 379 To amend the Internal Revenue Code of 1986 to permit amounts paid for programs to obtain a recognized postsecondary credential or a license to be treated as qualified higher education expenses for purposes of a 529 account S. 1175 PSLF Technical Corrections Act S. 3760 Strengthening Loan Forgiveness for Public Servants During the COVID-19 Crisis Act
Client expense: Not reported · Firm income: $220,000
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, Small Business Administration (SBA)
| Democratic |
| MA |
| Elizabeth Warren | Democratic | MA |
| Mazie K. Hirono | Democratic | HI |
| Patrick J. Leahy | Democratic | VT |
| Tina Smith | Democratic | MN |
| Tom Udall | Democratic | NM |