Strengthening Loan Forgiveness for Public Servants Act

[Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 10507 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 10507 To amend the Higher Education Act of 1965 to provide for a percentage of student loan forgiveness for public service employment, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 18, 2024 Mr. Swalwell (for himself, Mr. Boyle of Pennsylvania, Ms. Pingree, and Ms. Norton) introduced the following bill; which was referred to the Committee on Education and the Workforce _______________________________________________________________________ A BILL To amend the Higher Education Act of 1965 to provide for a percentage of student loan forgiveness for public service employment, 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 ``Strengthening Loan Forgiveness for Public Servants Act''. SEC. 2. PUBLIC SERVICE LOAN FORGIVENESS PROGRAM. Section 455(m) of the Higher Education Act of 1965 (20 U.S.C. 1087e(m)) is amended-- (1) in paragraph (1), in the matter preceding subparagraph (A), by inserting ``, except as provided in paragraph (5),'' after ``on any eligible Federal Direct Loan not in default''; and (2) by adding at the end the following: ``(5) Loan cancellation for new loans.-- ``(A) In general.--Beginning after the date of enactment of the Strengthening Loan Forgiveness for Public Servants Act, after the conclusion of each employment period in a public service job, as described in subparagraph (B), the Secretary shall cancel the percent specified in such subparagraph of the total amount due on any eligible Federal Direct Loan made after the date of enactment of the Strengthening Loan Forgiveness for Public Servants Act for a borrower who is employed in such public service job and submits a