To codify Executive Order 14235 relating to restoring public service loan forgiveness.
To codify Executive Order 14235 relating to restoring public service loan forgiveness.
Plain Language Summary
# HR 4727 Summary **What It Would Do** This bill would make permanent, through legislation, the changes made by Executive Order 14235 regarding Public Service Loan Forgiveness (PSLF). The PSLF program allows government employees, teachers, nurses, and other public servants to have their federal student loans forgiven after 10 years of qualifying payments while working in public service. Executive Order 14235 expanded access to this program.
By codifying the order, the bill would convert these executive branch changes into permanent law that Congress would control, making it harder for future administrations to reverse these changes. **Who It Affects** This legislation would primarily affect current and future borrowers with federal student loans who work in public service sectors—including government employees, teachers, social workers, and healthcare workers in public institutions. It could also affect the federal budget, as loan forgiveness means less revenue from loan repayments. **Current Status** The bill is currently in committee and has not yet been voted on by the full House of Representatives. As a relatively new bill in the 119th Congress, it remains in the early legislative stage.
Latest Action
Referred to the House Committee on Education and Workforce.