S 4581 United States Senate · 117th Congress

Second Chance at Public Service Loan Forgiveness Act

Summary
Second Chance at Public Service Loan Forgiveness Act This bill makes changes to the Public Service Loan Forgiveness (PSLF) program. Among other changes, the bill (1) allows a borrower who obtained an eligible Federal Direct Loan and has been employed full-time in public service (beginning on or after January 1, 1994) for 10 years or more to receive loan forgiveness under the PSLF program; (2) provides additional relevant definitions, including to specify that full-time employment is at least 30 hours a week; and (3) allows an eligible teacher to use the same teaching service to qualify for both the Teacher Loan Forgiveness program and the PSLF program.
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2022
Committee Review
Floor Vote
President
Introduced Jul 21, 2022 Last action Jul 21, 2022
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jul 21, 2022
Committee
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
upper
Jul 21, 2022
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Robert Menendez
Robert Menendez
DDemocratic
NJ
n/a