National Guard and Reserve Student Loan Fairness Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4893 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4893 To amend the Higher Education Act of 1965 to ensure that members of the reserve components of the Armed Forces receive appropriate credit toward public service loan forgiveness, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES August 5, 2025 Mr. Magaziner (for himself and Mr. Kelly of Mississippi) introduced the following bill; which was referred to the Committee on Education and Workforce _______________________________________________________________________ A BILL To amend the Higher Education Act of 1965 to ensure that members of the reserve components of the Armed Forces receive appropriate credit toward public service loan forgiveness, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``National Guard and Reserve Student Loan Fairness Act''. SEC. 2. SPECIAL RULE FOR MEMBERS OF THE RESERVE COMPONENTS OF THE ARMED FORCES PERFORMING CERTAIN DUTY. Section 455(m) of the Higher Education Act of 1965 (20 U.S.C. 1087e(m)) is amended by adding at the end the following: ``(5) Special rule for members of the reserve components of the armed forces performing certain duty.-- ``(A) Calculation of qualifying payments based on years of service creditable toward retired pay.--With respect to a borrower who is a member of a reserve component of an Armed Force, the Secretary shall-- ``(i) in the case of a member who completed a full year of covered service, deem each month in such year to be a month for which a qualifying payment was made under paragraph (1) if-- ``(I) for each such month the borrower made a corresponding monthly payment on an eligible Federal Direct Loan; and ``(II) such corresponding mo