I 
117TH CONGRESS 
2D SESSION 
H. R. 7530 
To update the income-driven repayment plans and the public service loan 
forgiveness program under the Higher Education Act of 1965, and for 
other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 14, 2022 
Ms. WILSON of Florida (for herself, Mr. BRENDAN F. BOYLE of Pennsylvania, 
Mr. BROWN of Maryland, Ms. BROWN of Ohio, Mr. BUTTERFIELD, Mr. 
CARBAJAL, Mr. CARTER of Louisiana, Mrs. CHERFILUS-MCCORMICK, Ms. 
CLARKE of New York, Mr. CLEAVER, Mr. COURTNEY, Mr. EVANS, Ms. 
LOIS FRANKEL of Florida, Mr. GREEN of Texas, Mrs. HAYES, Mr. 
JONES, Mr. LAWSON of Florida, Mrs. MCBATH, Ms. NEWMAN, Ms. NOR-
TON, Ms. STRICKLAND, and Ms. ADAMS) introduced the following bill; 
which was referred to the Committee on Education and Labor 
A BILL 
To update the income-driven repayment plans and the public 
service loan forgiveness program under the Higher Edu-
cation Act of 1965, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Student Loan Bor-
rower Relief Act’’. 
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SEC. 2. INCOME-DRIVEN REPAYMENT REQUIREMENTS. 
(a) INCOME-CONTINGENT REPAYMENT PLANS.—Sec-
tion 455 of the Higher Education Act of 1965 (20 U.S.C. 
1087e) is amended— 
(1) in subsection (d)(1)(D), by striking ‘‘25 
years’’ and inserting ‘‘15 years’’; and 
(2) in subsection (e)— 
(A) in the matter preceding subparagraph 
(A), in paragraph (7), by striking ‘‘in effect for 
a borrower,’’ and inserting ‘‘in effect for a bor-
rower, not to exceed 15 years,’’; and 
(B) by adding at the end the following: 
‘‘(1) MONTHLY
PAYMENT
REQUIREMENTS.— 
During any period a borrower is repaying a loan 
made under this part pursuant to an income contin-
gent repayment plan under this subsection, the fol-
lowing shall apply: 
‘‘(A)(i) The borrower’s aggregate monthly 
payment for all such loans shall not exceed the 
result described in clause (ii) divided by 12. 
‘‘(ii) The result described in this clause 
shall be 10 percent of the result obtained by 
calculating, on at least an annual basis, the 
amount by which— 
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‘‘(I) the borrower’s, and the bor-
rower’s spouse’s (if applicable), adjusted 
gross income; exceeds 
‘‘(II) 250 percent of the poverty line 
applicable to the borrower’s family size as 
determined under section 673(2) of the 
Community Services Block Grant Act (42 
U.S.C. 9902(2)). 
‘‘(B)(i) Subject to clause (ii), in a case in 
which the borrower’s aggregate monthly pay-
ment on such loans is not sufficient to pay the 
accrued interest on such loans, any such ac-
crued interest that is not paid shall be canceled 
by the Secretary. 
‘‘(ii)(I) Notwithstanding clause (i), any in-
terest due and not paid on such loans at a time 
described in subclause (II) of this clause shall 
accrue but not be capitalized. 
‘‘(II) This clause shall apply at each of the 
following times: 
‘‘(aa) The borrower no longer has a 
partial financial hardship, as defined by 
the applicable income contingent repay-
ment plan. 
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‘‘(bb) The borrower begins making 
payments of not less than the monthly 
amount calculated under 455(d)(1)(A), 
based on a 10-year repayment period, 
when the borrower first made the election 
described in this subsection.’’. 
(b) INCOME-BASED REPAYMENT.—Section 493C of 
the Higher Education Act of 1965 (20 U.S.C. 1098e) is 
amended— 
(1) in subsection (a)(3)(B)— 
(A) in the matter preceding clause (i), by 
striking ‘‘15 percent’’ and inserting ‘‘10 per-
cent’’; and 
(B) in clause (ii), by striking ‘‘150’’ and 
inserting ‘‘250’’; and 
(2) in subsection (b)— 
(A) by striking paragraph (3) and insert-
ing the following: 
‘‘(3) any interest due and not paid under para-
graph (2)— 
‘‘(A) subject to subparagraph (B), shall be 
canceled or paid by the Secretary during the 
period after the date of the borrower’s election 
under paragraph (1); and 
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‘‘(B) shall accrue but not be capitalized, at 
the time the borrower— 
‘‘(i) ends the election to make income- 
based repayment under this subsection; or 
‘‘(ii) begins making payments of not 
less than the amount specified in para-
graph (6)(A);’’; and 
(B) in paragraph (7)(B), by striking ‘‘25 
years’’ and inserting ‘‘15 years’’. 
(c) APPLICATION.—The amendments made by this 
section shall apply to each borrower who— 
(1) as of the effective date of such amendments, 
is repaying loans under an income-contingent repay-
ment plan under section 455(e) of the Higher Edu-
cation Act of 1965 (20 U.S.C. 1087e(e)) or an in-
come-based repayment plan under section 493C of 
such Act (20 U.S.C. 1098e); or 
(2) on or after such effective date, selects, or is 
required to repay such loan pursuant to such a re-
payment plan. 
SEC. 3. PUBLIC SERVICE LOAN FORGIVENESS. 
Section 455(m) of the Higher Education Act of 1965 
(20 U.S.C. 1087e(m)) is amended— 
(1) in paragraph (1)— 
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(A) in the matter preceding subparagraph 
(A), by striking ‘‘cancel the balance’’ and in-
serting ‘‘cancel, on an annual a basis for not 
more than 10 years, a portion of the balance’’; 
(B) in subparagraph (A), by striking 
‘‘120’’ and inserting ‘‘12’’; and 
(C) in subparagraph (B)(ii), by striking 
‘‘120’’ and inserting ‘‘12’’; and 
(2) by amending paragraph (2) to read as fol-
lows: 
‘‘(2) LOAN CANCELLATION AMOUNT.— 
‘‘(A) IN GENERAL.—A borrower may sub-
mit an application for loan cancellation under 
this subsection after any employment period 
listed in subparagraph (B), and upon a deter-
mination that the borrower is eligible for such 
loan cancellation, the Secretary shall cancel the 
portion of the balance due on the principal and 
interest on the eligible Federal Direct Loans 
made to the borrower under this part for which 
the borrower is eligible under subparagraph 
(B). 
‘‘(B) EMPLOYMENT
PERIODS.—The em-
ployment periods listed in this subparagraph 
are as follows: 
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‘‘(i) FIRST
12-MONTH
EMPLOYMENT 
PERIOD.—After the conclusion of the first 
12-month employment period described in 
paragraph (1), the Secretary shall cancel 5 
percent of the obligation to repay the bal-
ance of principal and interest due as of the 
time of such cancellation, on the eligible 
Federal Direct Loans made to the bor-
rower under this part. 
‘‘(ii) SECOND 12-MONTH EMPLOYMENT 
PERIOD.—After the conclusion of the sec-
ond 12-month employment period de-
scribed in paragraph (1), the Secretary 
shall cancel 5 percent of the obligation to 
repay the balance of principal and interest 
due as of the time of such cancellation, on 
the eligible Federal Direct Loans made to 
the borrower under this part. 
‘‘(iii) THIRD 12-MONTH EMPLOYMENT 
PERIOD.—After the conclusion of the third 
12-month employment period described in 
paragraph (1), the Secretary shall cancel 
10 percent of the obligation to repay the 
balance of principal and interest due as of 
the time of such cancellation, on the eligi-
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ble Federal Direct Loans made to the bor-
rower under this part. 
‘‘(iv) FOURTH
12-MONTH
EMPLOY-
MENT
PERIOD.—After the conclusion of 
the fourth 12-month employment period 
described in paragraph (1), the Secretary 
shall cancel 10 percent of the obligation to 
repay the balance of principal and interest 
due as of the time of such cancellation, on 
the eligible Federal Direct Loans made to 
the borrower under this part. 
‘‘(v) FIFTH 12-MONTH EMPLOYMENT 
PERIOD.—After the conclusion of the fifth 
12-month employment period described in 
paragraph (1), the Secretary shall cancel 
15 percent of the obligation to repay the 
balance of principal and interest due as of 
the time of such cancellation, on the eligi-
ble Federal Direct Loans made to the bor-
rower under this part. 
‘‘(vi) SIXTH 12-MONTH EMPLOYMENT 
PERIOD.—After the conclusion of the sixth 
12-month employment period described in 
paragraph (1), the Secretary shall cancel 
15 percent of the obligation to repay the 
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balance of principal and interest due as of 
the time of such cancellation, on the eligi-
ble Federal Direct Loans made to the bor-
rower under this part. 
‘‘(vii) SEVENTH
12-MONTH
EMPLOY-
MENT
PERIOD.—After the conclusion of 
the seventh 12-month employment period 
described in paragraph (1), the Secretary 
shall cancel 20 percent of the obligation to 
repay the balance of principal and interest 
due as of the time of such cancellation, on 
the eligible Federal Direct Loans made to 
the borrower under this part. 
‘‘(viii) EIGHTH
12-MONTH
EMPLOY-
MENT
PERIOD.—After the conclusion of 
the eighth 12-month employment period 
described in paragraph (1), the Secretary 
shall cancel 20 percent of the obligation to 
repay the balance of principal and interest 
due as of the time of such cancellation, on 
the eligible Federal Direct Loans made to 
the borrower under this part. 
‘‘(ix) NINTH 12-MONTH EMPLOYMENT 
PERIOD.—After the conclusion of the ninth 
12-month employment period described in 
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paragraph (1), the Secretary shall cancel 
30 percent of the obligation to repay the 
balance of principal and interest due as of 
the time of such cancellation, on the eligi-
ble Federal Direct Loans made to the bor-
rower under this part. 
‘‘(x) TENTH 12-MONTH EMPLOYMENT 
PERIOD.—After the conclusion of the tenth 
12-month employment period described in 
paragraph (1), the Secretary shall cancel 
the remaining obligation to repay the bal-
ance of principal and interest due as of the 
time of such cancellation.’’. 
SEC. 4. EFFECTIVE DATE. 
(a) IN GENERAL.—The amendments made by this 
Act shall take effect on a date that is 2 years after the 
date of enactment of this Act. 
(b) EARLY EFFECTIVE DATE PERMITTED.—The 
Secretary of Education may implement the amendments 
made by this Act before (but not later than) the date that 
is 2 years after the date of enactment of this Act. The 
Secretary shall specify in a designation on what date, and 
under what conditions the Secretary will implement such 
amendments prior to a date that is 2 years after the date 
of enactment of this Act. The Secretary shall publish any 
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designation under this paragraph in the Federal Register 
at least 60 days before implementation. 
Æ 
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