S. 3543 · 116th Congress
Public Service Loan Forgiveness Protection Act
- Stage
- In committee
- Sponsor
- Jon Tester
- Introduced
- 2020-03-19
- Latest action
- 2020-03-19 · Introduced in Senate
Summary
Public Service Loan Forgiveness Protection Act
This bill authorizes the Department of Education (ED) to waive monthly payments under the Public Service Loan Forgiveness (PSLF) program during a qualifying emergency (e.g., a public health emergency).
Specifically, ED may waive the requirement that a borrower make a monthly payment under the PSLF program during a month in which there is a qualifying emergency in the borrower's state of employment.
The bill specifies that a borrower will not be disqualified from receiving loan cancellation under the PSLF program due to failure to make a payment during a qualifying emergency.