SERVICE Act
Introduced Apr 10, 2025 by Rep. Joe Courtney
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
This bill makes changes to the Public Service Loan Forgiveness (PSLF) program.
Under the current PSLF program, the Department of Education (ED) must cancel the balance of interest and principal due on a borrower's Federal Direct Loans after the borrower makes 120 monthly loan payments while employed in a public service job and, at the time of loan forgiveness, the borrower is employed in a public service job.
Among other changes to the PSLF program, this bill
reduces from 120 to 96 the number of monthly payments required for loan forgiveness;
Read the full summary on Congress.govSummary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.