S. 5296 · 117th Congress
Student Loan Forgiveness for Farmers and Ranchers Act
- Stage
- In committee
- Sponsor
- Christopher Murphy
- Introduced
- 2022-12-19
- Latest action
- 2022-12-19 · Introduced in Senate
Summary
Student Loan Forgiveness for Farmers and Ranchers Act
This bill establishes a student loan forgiveness program for certain farmers or ranchers.
Specifically, to receive loan forgiveness under this bill, a borrower must (1) make 120 monthly loan payments under a specified repayment plan while employed full-time at a qualified farm or ranch; and (2) fall within certain categories of individuals such as a beginner farmer or rancher, an individual underrepresented in the agricultural profession, or a veteran farmer or rancher.