Student loan debt forgiveness to government officials amid the Covid-19 pandemic
Comment: US Senator Tom Udall (DN.M.) joined a group of 10 senators to present the Strengthening of loan remittances to civil servants during the COVID-19 crisis law, legislation that would provide student loan debt relief to public health officials, police officers and others who dedicate their careers to public service. Many of these officials have played pivotal roles in helping communities in New Mexico and across the country respond to the COVID-19 pandemic.
The bill expands the Public Service Loan Forgiveness Program (PSLFP) to provide significant student loan debt relief to those employed in the public service. This would remove uncertainty for borrowers and further encourage public service by allowing future borrowers to receive forgiveness of their loans within qualifying intervals. Specifically, it would allow more people interested in public service to devote a few years and receive a percentage of their student loan debt forgiven instead of having to commit to 10 years of service, which is the current norm. It also provides support to officials and frontline workers by allowing any disruption in service caused by layoffs, leaves or forced absences due to the COVID-19 pandemic to be factored into the program, provided that these workers return to the civil service after the end of the pandemic. .
“We must continue to show our support for our dedicated public servants, many of whom are on the front lines of the COVID-19 crisis – not just with empty words, but policies that will truly make a difference in their day-to-day lives. ” Udall said. “By expanding the civil service loan forgiveness program, this bill will provide student debt relief to nurses, teachers, first responders and other public servants whose jobs have been affected by the pandemic, while encouraging others to serve their communities by lightening the burden. future student loan payments.
In addition to Udall, the legislation is co-sponsored by U.S. Senators Richard Blumenthal (D-Conn.), Cory Booker (DN.J.), Elizabeth Warren (D-Mass.), Tina Smith (D-Minn.), Ben Cardin (D-Md.), Edward J. Markey (D-Mass.), Dianne Feinstein (D-Calif.), Mazie Hirono (D-Hawaii) and Patrick Leahy (D-Vt.).