Student Loan Forgiveness Front Line Healthcare Workers Act

Student Loan Forgiveness Front Line Healthcare Workers Act Student loan forgiveness front line healthcare workers act proposed by Carolyn Maloney also involved private student loans.

Instead of forgiveness, the program is called a repayment plan where the Secretary undertakes all responsibility to repay the private loans in full with interest and principal.

Qualifying private loans should be incurred for educational purposes for certain educational institutions. Such institutions should be eligible for participation in federal student loans. Again, the repayment does not cover refunds, and it is not taxable.

Although the bill ensured fairness to frontline health workers, it did not get enough votes. Hence, Student loan forgiveness front line healthcare workers act got rejected and did not put into the law. However, the good news is that it was reintroduced in April 2021. Many different organizations endorsed this bill, including but not restricted to: More info: https://studentloansresolved.com/2021/06/12/student-loan-forgiveness-for-frontline-workers/