In this post, there are proposals adjust or customize the techniques where college students use and you will pay back the loans

In this post, there are proposals adjust or customize the techniques where college students use and you will pay back the loans

Recruit: Rep. Courtney [D-CT]
Cosponsors: 18 (18D; 0R)
Brought:
NASFAA Summation & Analysis: This bill would expand the current COVID-19 borrower relief provisions to all student loan borrowers, including Perkins loans, FFEL loans held by private companies as well as Health Professions and Nursing loans. The current relief includes payment and interest suspension. The bill would also lengthen the period of relief until 30 days after the end of the national health emergency.

H.Roentgen.251 – Public service Appreciate Through Mortgage Forgiveness Work

Sponsor: Rep. Krishnamoorthi [D-IL]
Cosponsors: 0
Introduced:
NASFAA Conclusion & Analysis: This bill would allow borrowers eligible for and enrolled in the Public Service Loan Forgiveness program to have a portion of their loans forgiven at different intervals dependent on the amount of eligible monthly payments they’ve made. The first forgiveness of 10 percent of the borrowers balance would come after 48 monthly payments, 20 percent after 72 monthly payments, and 50 percent after 96 monthly payments. The borrower would have to be actively employed in the PSLF eligible job when receiving the forgiveness, and be employed at an eligible PSLF job when the payments had been made. Borrowers who take advantage of these allowances would still be eligible to have their loans fully forgiven under the PSLF program as it stands after 10 years.

*NEW* S.3658 – Resident Knowledge Deferred Appeal (REDI) Act

Sponsor: Sen. Rosen [D-NV]
Cosponsors: 1 (0D; 1R)
Introduced:
NASFAA Bottom line & Analysis: This bill would allow borrowers in a medical or dental residency program to have the interest and payments on their student loans deferred.

*NEW* H.R.6749 – Clean Slate due to Repayment Operate from 2022

Sponsor: Rep. Ross [D-NC]
Cosponsors: 11 (11D; 0R)
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