United States · Bill · S
S. 4342 (117th)
ASAP Forgiveness Act
Introduced
26 May 2022
Last action
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Status
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Sponsors
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Subjects
Discovery layer
Source updated
21 April 2025
Summary
Affording Students A Path to Forgiveness Act or the ASAP Forgiveness Act This bill requires the Department of Education to cancel up to $30,000 of interest and principal due on any eligible Federal Direct Loan that is in repayment status for a borrower who (1) has made 60 monthly payments on the loan pursuant to any authorized repayment plan, and (2) has been employed for 10 years after graduating from or leaving the institution of higher education (IHE) for which the loan was made to enable the borrower to enroll at the IHE.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 26 May 2022
Introduced in Senate (PDF)
Introduced in Senate · EN · 26 May 2022
Introduced in Senate
summary · EN · 26 May 2022
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/4342
- Open data entity: https://api.congress.gov/v3/bill/117/s/4342