According to Forbes, U.S. Representative Joe Courtney (D-CT) has proposed new legislation called the Simplifying and Strengthening PSLF (aka Public Service Loan Forgiveness) Act. The new legislation aims to make it easier for student loan borrowers who take part in the public service loan forgiveness program to actually qualify for, and reap the benefits of, loan forgiveness. The bill would do this by making the PSLF program, designed to forgive student debt for public servants after ten years of payments, more straightforward to apply for and be approved. There are four critical points in the proposed Simplifying and Strengthening PSLF Act that, should it pass Congress, would change how the PSLF Act works and make it easier for Americans to qualify, including: “The Biden Administration put the Department of Education back on the side of students and hardworking American people—they made that clear when they overhauled PSLF last fall, and our new bill would make those improvements permanent,” said Congressman Courtney in a press release. He continued, “October’s overhaul of PSLF was a big step in the right direction, and our new bill would codify those improvements along with an additional slate of upgrades to make it easier for America’s public service workers to qualify for, navigate, and benefit from this patriotic program.” There has been no recent update on the Biden administration’s efforts for a wide-scale student loan cancelation over the past few weeks.
