The legislation, the What You Can Do for Your Country Act, would dramatically expand the pool of student loan borrowers who are eligible to have their debt canceled. - CNBC
A dozen Democratic senators introduced a bill on Thursday to overhaul the popular but challenged Public Service Loan Forgiveness Program.
"The current Public Service Loan Forgiveness Program is a bureaucratic nightmare, and the Department of Education is failing to meet its obligation to help ease the student debt burden for our nation's public servants," Gillibrand said in a statement. Gilibrand is running for president in 2020, as are Warren and Sanders.
As a result, many people in public service jobs believe that they're paying their way to loan forgiveness only to discover at some point in the process that they don't qualify for one technical reason or another. Often, their loan type or repayment plan was ineligible. In addition, all federal repayment plans would be eligible for the relief. There are some 14 ways to repay your student loans, but to qualify for public service loan forgiveness you currently need to be enrolled in one of the four income-based programs.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Democratic senators introduce bill to protect LGBTQ youth from abuseSen. Kaine and Sen. Baldwin introduced legislation Tuesday aimed at strengthening support for LGBTQ youth who are at risk of or who have suffered child abuse. - NBCOUT
Consulte Mais informação »
Bill may help millions qualify for popular Public Service Loan Forgiveness ProgramMore than a dozen Democratic senators introduced a bill on Thursday to overhaul the popular but challenged Public Service Loan Forgiveness Program.
Consulte Mais informação »
Heartbeat bill: Ohio governor signs one of the nation's strictest abortion bansOhio Gov. Mike DeWine signed a 'heartbeat' abortion ban Thursday afternoon alongside Republican legislative leaders.
Consulte Mais informação »
2020 Democrats dogged by staff scandals back workplace harassment crackdownDemocratic senators running for president are lining up behind a sweeping bill to combat an issue that's haunted several of their own offices and campaigns: workplace harassment
Consulte Mais informação »
Bernie Sanders to unveil new Medicare for all bill as the party rallies around ObamacareVermont Sen. Bernie Sanders plans to introduce his new 'Medicare for All' bill Wednesday morning, a move that will again push health care policy to the front burner of the Democratic presidential primary.
Consulte Mais informação »
Ohio governor to sign ban on abortion after first detectable heartbeatOhio's governor says he will sign a bill imposing one of the nation's toughest abortion restrictions.
Consulte Mais informação »
Here's what to do if you can't pay your tax bill on timeTaxpayers who can't pay what they owe have several options. The most important is to file your return to avoid steep penalties from the IRS.
Consulte Mais informação »
Meet the family worth more than Jeff Bezos, Warren Buffett or Bill GatesWith a collective net worth of nearly $175 billion, the Walton family is the richest in the world via CNBCMakeIt
Consulte Mais informação »