Search Results: keywords:"repayment plans"

  • H. R. 8759 — To amend the Higher Education Act of 1965 to allow certain payments made by public service employees to qualify for public service repayment, and for other purposes.
    Status:Introduced in House
    Words:494

    H. R. 8759, known as the “Public Service Loan Forgiveness Inclusion Act of 2024,” seeks to amend the Higher Education Act of 1965 to expand opportunities for public service employees to have their student loans forgiven. Specifically, the bill allows the first 60 monthly payments made under...

    Simple Explanation

    Imagine if you work in a job that helps people, like being a teacher or a firefighter. This bill wants to make it easier for those helpers to get some of their school loan money erased if they keep making payments. It's like getting a prize for doing nice work!

  • S. 4926 — To establish a new Guaranteed Student Loan Program.
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    Status:Introduced in Senate
    Words:5,341

    The bill, titled the "Affordable Future Loan Program Act of 2024," seeks to create a new student loan program in the United States. It aims to provide government-guaranteed loans to undergraduate students, helping them with the cost of their education by partially covering interest and...

    Simple Explanation

    The "Affordable Future Loan Program Act of 2024" is a plan that helps students pay for college by giving them special loans that are easier to repay and don't depend on having a good credit score. The program makes sure that students don't borrow too much and can pay back the money in a way that's fair and doesn't cause too much stress.