Recognizing Military Service in PSLF Act

Bill: 117-hr-3486
Sponsor: full_name: Rep. Courtney, Joe [D-CT-2]
Introduced: 2021-05-25
Policy area: Education
Latest action: action_date: 2021-05-25
text: Referred to the House Committee on Education and Labor.

Summaries:
action_date: 2021-05-25
action_desc: Introduced in House
text: <p><strong>Recognizing Military Service in PSLF Act</strong></p> <p>This bill requires the Department of Education to count each month for which a borrower's federal student loan payment was in deferment or forbearance during a period of active duty, including certain National Guard duty, as a qualifying payment for the purpose of the Public Service Loan Forgiveness (PSLF) program.</p> <p>Under current law, a borrower who is a service member is eligible to receive student loan forgiveness under the PSLF program; however, if the borrower places their loan into deferment or forbearance while they are on active duty, that period of time does not count as a qualifying payment for the PSLF program.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 3486 IN THE HOUSE OF REPRESENTATIVES May 25, 2021 Mr. Courtney (for himself and Mr. Johnson of South Dakota ) introduced the following bill; which was referred to the Committee on Education and Labor A BILL To direct the Secretary of Education to deem each month for which certain Federal student loans are in deferment during a period of active duty service as months counted toward public service loan forgiveness.

1. Short title This Act may be cited as the Recognizing Military Service in PSLF Act . 2. Active duty deferment periods counted toward public service loan forgiveness Section 455(m) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(m) ) is amended— (1) by redesignating paragraphs (2) through (4) as paragraphs (3) through (5), respectively; (2) in paragraph (1), in the matter preceding subparagraph (A), by striking paragraph (2) and inserting paragraph (3) ; and (3) by inserting after paragraph (1) the following: (2) Active duty deferment periods Notwithstanding any other provision of this subsection, the Secretary shall deem each month for which a loan payment was in deferment under subsection (f)(2) of this section or for which a loan payment was in forbearance under section 685.205(a)(7) of title 34, Code of Federal Regulations (or similar successor regulations), for a borrower described in subsection (f)(2)(C) as if the borrower of the loan had made a payment for the purpose of public service loan forgiveness under this subsection. .