S. 4581 · 117th Congress · Senate

Second Chance at Public Service Loan Forgiveness Act

Active· Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced
Jul 21, 22
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

2
  1. JUL 21, 2022IntroReferral

    Introduced in Senate

  2. JUL 21, 2022IntroReferral

    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Committees

1

Health, Education, Labor, and Pensions Committee

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Referred: Jul 21, 2022

Active