This expenses allows government student loan individuals so you’re able to refinance its funds whenever interest levels is actually faster

This expenses allows government student loan individuals so you’re able to refinance its funds whenever interest levels is actually faster

H.Roentgen.2034 – Income-Driven Education loan Forgiveness Act

Sponsor: Rep. Lawson [D-FL]
Cosponsors: 0
Introduced:
NASFAA Summation & Analysis: This bill would direct the Secretary of Education to forgive the balance of some federal student loans for eligible borrowers. Borrowers who filed a payday loans in Pomona no credit check tax return for the most recent tax year, had an eligible loan in repayment, is employed, or had recent employment prior to the pandemic, and makes less than $100,000 if single, or $200,000 if married, would be eligible to receive forgiveness of their loan balance. The bill also stipulates that any forgiveness received would not be taxable.

H.R.1633 – Public-service Mortgage Forgiveness Addition Work regarding 2021

Sponsor: Rep. Foster [D-IL]
Cosponsors: 12
Introduced:
NASFAA Summary & Analysis: This bill would allow borrowers who would be eligible for PSLF but who were enrolled in a non eligible repayment plan, to have the first 60 monthly payments made under a graduated repayment or extended repayment plan to become qualifying payments under the PSLF. The bill does stipulate that borrowers must transfer to an eligible repayment plan, such as an income-based or standard repayment plan, for the remaining 60 monthly payments made under the PSLF program.

S.603 – Coronavirus Emergency Student loan Refinancing Operate

Sponsor: Sen. Warner [D-VA]
Cosponsors: 0
Introduced:
อ่านเพิ่มเติม “This expenses allows government student loan individuals so you’re able to refinance its funds whenever interest levels is actually faster”