Public Service Loan Forgiveness Inclusion Act of 2026

The Public Service Loan Forgiveness Inclusion Act of 2026 modifies federal student loan rules to make it easier for borrowers in public service jobs to qualify for debt cancellation. The bill changes how qualifying monthly payments are counted by allowing the first 60 payments to count regardless of their amount, while requiring subsequent payments to meet a specific minimum threshold based on a standard 10-year repayment schedule. It also expands eligibility to include payments made under the standard repayment plan and counts months where repayment was suspended due to administrative forbearance as qualifying payments if the borrower remained employed in public service. The Department of Education is required to notify affected borrowers about these changes within 180 days of enactment, with the new payment counting rules applying to those who have not yet made 120 monthly payments.