House bill aims to help feds curb student load debt

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.

Reader comments

Mon, Jun 24, 2019

I have worked for decades and one thing I do know is no matter how good you are at your job, the person with the degree is paid more because they have a degree. Also, I have met enough people in the workforce that completed a degree in programs that have few opportunities that maybe a little less Art History and a little more finance or science would work better.

Thu, Jun 20, 2019

When does this new bill go into effect?

Wed, Jun 19, 2019

So we have a government $20T+ in debt playing Santa Clause for no apparent reason. Yes, would be popular with some but lacks any sense of fair and equitable treatment to 'all'. Sure, let's go barrow money! Forget fiscal responsibility!

Wed, Jun 19, 2019

What about the rest of the Federal workforce? Why are we not included?

Wed, Jun 19, 2019 Sergio CA

This would be great for those of us that needed to get our BA/BS, MA/MS and PH.D. to keep our jobs in Gov't. But we will still pay come tax time, since this will be declared income. Unless the bill has wording that it will not be charged as income because we did our education to better the Gov't.

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