MIL-OSI USA: Foster Introduces Bipartisan Legislation to Expand Public Service Loan Forgiveness

1
Recommended Sponsor Painted-Moon.com - Buy Original Artwork Directly from the Artist

Source: United States House of Representatives – Congressman Bill Foster (11th District of Illinois)

Washington, DC – Today, Representative Bill Foster (D-IL) introduced the bipartisan Public Service Loan Forgiveness Inclusion Act of 2024 to assist those who forgo potentially lucrative careers to serve the public good. The bill is cosponsored by Reps. Brian Fitzpatrick (R-PA), Chuy García (D-IL), Jerry Nadler (D-NY), Annie Kuster (D-NH), Sanford Bishop (D-GA), Yvette Clarke (D-NY), and Barbara Lee (D-CA).

The Public Service Loan Forgiveness (PSLF) program was established in 2007 and requires the Department of Education to forgive federal student loans after borrowers make at least 10 years of qualifying payments while working for certain public service employers. Currently, 97 percent of public servants who have applied for loan forgiveness have been denied. Millions of borrowers who enrolled in the PSLF program were told after they had already made payments that they had the wrong type of loan or repayment plan and would not qualify for forgiveness under the program. This bill would expand the types of plans that would qualify for loan forgiveness.

“Too many hard-working Americans are burdened with student debt, and it’s keeping talented professionals from pursuing careers in public service,” said Rep. Foster. “The student loan repayment process doesn’t need to be as burdensome and difficult to navigate as it is today. It’s time to change it. That’s why I’ve introduced this legislation to expand access to public service loan forgiveness.”

The bill is supported by the American Council on Education (ACE) and Young Invincibles.

A copy of the bill is available here.

MIL OSI USA News