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

Wed, Feb 19, 2020 Jason Jones USA

Well, that's really great as the students are getting value for their capabilities and getting loan forgiveness which can prove a relieving news for the students. And I suggest them to do a bit of research with the different banks as the eligibility criteria and the interest structure differs from bank to bank according to their different types of debt.

Wed, Feb 12, 2020 Anastasia schmoll San Diego

I agree about tuition assistance. I can’t afford my masters and am not minority enough to be selected for any special programs despite perfect performance ratings. Being a disabled veteran has no merit with HUD. All I want to do is advance my degree so that I can be more competitive and it’s been impossible. 15 years tenure and I stuck!

Tue, Aug 27, 2019 Sam USA

85% of federal workers have a college diplomat. The problem today is that the government cannot find workers with the Skills, Knowledge and college degrees they need to fill 200,000+ vacant federal jobs. The VA alone has 49,000 open jobs for Qualified medical personnel they cannot find people to even apply for.

Tue, Aug 27, 2019

Speaking from a fed employee perspective... Loan forgiveness is great, but looking ahead we should consider tuition assistance as a more viable solution. Most of the larger private companies provide tuition assistance. A Fed tuition assistance program would lessen the need for student loan forgiveness and would be a HUGE retention tool for feds leaving for higher paying, private jobs.

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.

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