Second Chance at Public Service Loan Forgiveness Act

Summary

Second Chance at Public Service Loan Forgiveness Act This bill makes changes to the Public Service Loan Forgiveness (PSLF) program. Among other changes, the bill (1) allows a borrower who obtained an eligible Federal Direct Loan and has been employed full-time in public service (beginning on or after January 1, 1994) for 10 years or more to receive loan forgiveness under the PSLF program; (2) provides additional relevant definitions, including to specify that full-time employment is at least 30 hours a week; and (3) allows an eligible teacher to use the same teaching service to qualify for both the Teacher Loan Forgiveness program and the PSLF program.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 21 July 2022

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 21 July 2022

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• Introduced in Senate

  summary · EN · 21 July 2022

  Open at official source

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