In this article, you’ll find proposals to alter otherwise customize the process which people use and you can repay its financing
Mentor: Rep. Krishnamoorthi [D-IL]
Cosponsors: 0
Put:
NASFAA Summation & 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 Education Deferred Appeal (REDI) Work
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. […]