Sending Office: Honorable Eric Swalwell
Sent By:
Art.Motta@mail.house.gov

        Request for Cosponsor(s)

Help Provide Student Debt Relief to Graduates who Dedicate Their Careers To Public Service

Current Cosponsors (24): Bishop (Sanford), Boyle, Cisneros, Davids, DeGette, DelBene, Garamendi, Haaland, Hastings, Hayes, Jackson Lee, Kennedy, Kuster, McGovern, Meeks, Moulton, Mucarsel-Powell, Norton, Pingree, Rush, Ryan, Soto and Welch.

Dear Colleague:

I urge you to join me in encouraging more college graduates to enter public service by becoming a cosponsor of H.R. 3096, the
Strengthening Loan Forgiveness for Public Servants Act.

The federal government offers multiple loan forgiveness and repayment programs to encourage college graduates to enter and stay in certain occupational fields.  One such program, the Public Service Loan Forgiveness Program (PSLF), works to incentivize public
service by providing student loan forgiveness to qualified borrowers after making 120 full, scheduled, monthly payments on those loans while concurrently employed full-time in public service.

The PSLF is a well-intentioned benefit for the thousands across our nation who work hard to serve their communities.  However, requiring a lengthy service requirement may not be realistic for young people starting careers and planning for subsequent education,
and it may not be serving as effective a recruitment and retention tool as it could.  That is why I will reintroduce the
Strengthening Loan Forgiveness for Public Servants Act.

This bill seeks to enhance the PSLF and further incentivize public service.  First, this bill would allow new PSLF participants to have their eligible Direct Loans placed in deferment during their public service, allowing borrowers to pause payments while
employed in public service.  Further, PSLF participants would receive loan forgiveness in proportion to their years of public service — after every two years, PSLF participants would have a certain percentage of their eligible Direct Loan balance cancelled.
 More specifically:

  • After two years: 15 percent of the original loan balance, along with any accrued interest, would be cancelled;
  • After four years: an additional 15 percent of the original loan balance, along with any accrued interest, would be cancelled;
  • After six years: an additional 20 percent of the original loan balance, along with any accrued interest, would be cancelled;
  • After eight years: an additional 20 percent of the original loan balance, along with any accrued interest, would be cancelled; and,
  • After ten years: the remaining 30 percent of the original loan balance, along with any accrued interest, would be cancelled.

Together, these two provisions work to encourage graduates to serve their communities while helping to relieve the burden of student debt.  For more information, or to cosponsor this legislation, please contact Art Motta at
Art.Motta@mail.house.gov.

Sincerely,

/s
Eric Swalwell
Member of Congress

Related Legislative Issues

Selected legislative information: Civil Rights, Education, Labor

Related Bill Information

Bill Type: H.R.
Bill Type: 3096
Special Note:

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