PSLF Payment Completion Fairness Act
PSLF Payment Completion Fairness Act
Plain Language Summary
# PSLF Payment Completion Fairness Act (HR 3267) - Summary **What the Bill Does** This bill would modify the Public Service Loan Forgiveness (PSLF) program, which allows borrowers who work in public service jobs to have their federal student loans forgiven after making 120 qualifying payments. The specific changes proposed in this bill are not detailed in the available information, but generally it aims to address fairness issues in how the program operates and who can benefit from it. **Who It Affects** The bill primarily affects federal student loan borrowers who work or want to work in public service positions, such as teachers, nurses, social workers, government employees, and nonprofit organization staff. It could also impact future public service workers and potentially the federal budget, since loan forgiveness reduces government revenue. **Current Status** As of now, HR 3267 is in committee, meaning it has been introduced but has not yet been debated or voted on by the full House of Representatives.
The bill was sponsored by Representative Chrissy Houlahan (D-PA). Without access to the bill's specific text, a detailed explanation of the exact provisions cannot be provided, so interested parties should review the official bill text on Congress.gov for complete details.
Latest Action
Referred to the House Committee on Education and Workforce.