Recognizing Military Service in PSLF Act

II 117TH CONGRESS 1ST SESSION S. 1480 To direct the Secretary of Education to deem each month for which certain Federal student loans are in deferment during a period of active duty service as months counted toward public service loan forgiveness. IN THE SENATE OF THE UNITED STATES APRIL 29, 2021 Ms. HASSAN (for herself, Mr. RUBIO, Mr. KAINE, Mr. CRAMER, Mr. REED, Ms. MURKOWSKI, and Ms. DUCKWORTH) introduced the following bill; which was read twice and referred to the Committee on Health, Edu- cation, Labor, and Pensions A BILL To direct the Secretary of Education to deem each month for which certain Federal student loans are in deferment during a period of active duty service as months counted toward public service loan forgiveness. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Recognizing Military 4 Service in PSLF Act’’. 5 VerDate Sep 11 2014 03:03 Jun 08, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1480.IS S1480 pbinns on DSKJLVW7X2PROD with BILLS 2 •S 1480 IS SEC. 2. ACTIVE DUTY DEFERMENT PERIODS COUNTED TO- 1 WARD PUBLIC SERVICE LOAN FORGIVENESS. 2 Section 455(m) of the Higher Education Act of 1965 3 (20 U.S.C. 1087e(m)) is amended— 4 (1) by redesignating paragraphs (2) through 5 (4) as paragraphs (3) through (5), respectively; 6 (2) in paragraph (1), in the matter preceding 7 subparagraph (A), by striking ‘‘paragraph (2)’’ and 8 inserting ‘‘paragraph (3)’’; and 9 (3) by inserting after paragraph (1) the fol- 10 lowing: 11 ‘‘(2) ACTIVE DUTY DEFERMENT PERIODS.— 12 Notwithstanding any other provision of this sub- 13 section, the Secretary shall deem each month for 14 which a loan payment was in deferment under sub- 15 section (f)(2) of this section or for which a loan pay- 16 ment was in forbearance under section 17 685.205(a)(7) of title 34, Code of Federal Regula- 18 tions, (or similar successor regulations), for a bor- 19 rower described in subsection (f)(2)(C) as if the bor- 20 rower of the loan had made a payment for the pur- 21 pose of public service loan forgiveness under this 22 subsection.’’. 23 Æ VerDate Sep 11 2014 03:03 Jun 08, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S1480.IS S1480 pbinns on DSKJLVW7X2PROD with BILLS