S.1203: What You Can Do For Your Country Act

What You Can Do for Your Country Act (S. 1203) would reform the Service Loan Forgiveness Program (PSLF) program. Provisions in the bill include:

• Expanding eligibility to Federal Family Education Loans and all loan repayment plans.
• Providing 50 percent forgiveness after five years of public service and 100 percent after ten years;
• Allowing borrowers to file employment certification forms through any student loan servicer or platform that the Department of Education (ED) uses to process loan payments;
• Making the processing of all PSLF forms electronic and establishing a database of qualifying federal and state employers to help automatically qualify borrowers;
• Prohibiting ED from issuing a retroactive denial of a borrower that they had previously certified as having satisfied monthly payment obligations;
• Allowing borrowers to consolidate their loans without losing credit toward forgiveness;

H.R. 2441 is the house companion bill.

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