Sponsor: Rep. Maloney [D-NY]
NASFAA Realization & Analysis: payday loans Kentwood It would direct the Department of Education to forgive the outstanding balance due on federal student loans for these borrowers. It would further direct the Department of the Treasury to repay in full the outstanding balance due on private student loans for these borrowers.
H.Roentgen.2034 – Income-Determined Student loan Forgiveness Operate
Sponsor: Rep. Lawson [D-FL]
NASFAA Conclusion & 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 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.Roentgen.1633 – Public-service Financing Forgiveness Introduction Act regarding 2021
Sponsor: Rep. (more…)