What You Can Do For Your Country Act

What You Can Do For Your Country Act

This bill revises the Public Service Loan Forgiveness (PSLF) program, including by

• allowing borrowers with loans under the Federal Family Education Loan program to be eligible for the PSLF program,
• allowing borrowers to receive loan forgiveness on half of their total loans after satisfying 60 qualifying payment obligations,
• revising provisions related to loan consolidation,
• revising the types of payments that count toward qualifying payment obligations,
• defining full-time employment as 30 hours per week,
• requiring the Department of Education (ED) to provide certain notices to borrowers,
• revising the process for certification of employment,
• requiring ED to establish a database of qualifying employers,
• providing a process for borrowers to satisfy past monthly payment obligations,
• requiring lenders to provide to ED necessary borrower repayment history information, and
• requiring ED to establish a dispute resolution process.