House bill aims to help feds curb student load debt

A recently introduced House bill will give public servants more options for student loan forgiveness, including discounts.

The bill, "Strengthening Loan Forgiveness for Public Servants,” offers student loan forgiveness to teachers, police officers, public health workers and gives discounts throughout their initial tenure, rather than only after 10 years of service.

“For too many Americans, college is not working the way it is supposed to,” said Rep. Eric Swalwell (D-Calif.), who introduced the measure as part of a package of bills aimed at reducing the financial burden of college debt.

Another bill a part of his package, the "Fairness in Forgiveness Act," allows current and former workers at all 16 privately operated Department of Energy National Laboratories to seek forgiveness of their federal student loans under the Public Service Loan Forgiveness program.

“Getting an education should not cost you your livelihood, and these bills will help address the growing student debt crisis, affecting more than 42 million borrowers in the United States, he added.

The full text of each bill is available here.

Reader comments

Tue, Aug 27, 2019 Sam USA

85% of federal workers have a college diplomat. The problem today is that the government cannot find workers with the Skills, Knowledge and college degrees they need to fill 200,000+ vacant federal jobs. The VA alone has 49,000 open jobs for Qualified medical personnel they cannot find people to even apply for.

Tue, Aug 27, 2019

Speaking from a fed employee perspective... Loan forgiveness is great, but looking ahead we should consider tuition assistance as a more viable solution. Most of the larger private companies provide tuition assistance. A Fed tuition assistance program would lessen the need for student loan forgiveness and would be a HUGE retention tool for feds leaving for higher paying, private jobs.

Mon, Jun 24, 2019

I have worked for decades and one thing I do know is no matter how good you are at your job, the person with the degree is paid more because they have a degree. Also, I have met enough people in the workforce that completed a degree in programs that have few opportunities that maybe a little less Art History and a little more finance or science would work better.

Thu, Jun 20, 2019

When does this new bill go into effect?

Wed, Jun 19, 2019

So we have a government $20T+ in debt playing Santa Clause for no apparent reason. Yes, would be popular with some but lacks any sense of fair and equitable treatment to 'all'. Sure, let's go barrow money! Forget fiscal responsibility!

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Edward A. Zurndorfer Certified Financial Planner
Mike Causey Columnist
Tom Fox VP for Leadership and Innovation, Partnership for Public Service
Mathew B. Tully Legal Analyst

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