House bill aims to help feds curb student load debt
- By Sherkiya Wedgeworth
- Jun 11, 2019
A recently introduced House bill will give public servants more options for student loan forgiveness, including discounts.
The bill, "Strengthening Loan Forgiveness for Public Servants,” offers student loan forgiveness to teachers, police officers, public health workers and gives discounts throughout their initial tenure, rather than only after 10 years of service.
“For too many Americans, college is not working the way it is supposed to,” said Rep. Eric Swalwell (D-Calif.), who introduced the measure as part of a package of bills aimed at reducing the financial burden of college debt.
Another bill a part of his package, the "Fairness in Forgiveness Act," allows current and former workers at all 16 privately operated Department of Energy National Laboratories to seek forgiveness of their federal student loans under the Public Service Loan Forgiveness program.
“Getting an education should not cost you your livelihood, and these bills will help address the growing student debt crisis, affecting more than 42 million borrowers in the United States, he added.
The full text of each bill is available here.