H.R. 10507, titled the "Strengthening Loan Forgiveness for Public Servants Act," proposes amendments to the Higher Education Act of 1965. The bill aims to enhance the Public Service Loan Forgiveness program by specifying percentages of student loan cancellation for individuals working in...
Simple Explanation
H.R. 10507 is a plan to help people who work in public service jobs by taking away part of the money they owe for school loans depending on how long they work in those jobs. If someone works in a public service job for 10 years, they can get up to 30% of their school loan forgiven.