The Loan Forgiveness for Educators Act is a federal bill aimed at providing student loan forgiveness to teachers and other educators. The main provisions of the bill include offering up to $250 per month in loan forgiveness for qualifying educators who have been employed full-time for five consecutive years. This bill seeks to alleviate the financial burden on educators and incentivize individuals to pursue careers in education by providing relief from student loan debt. If enacted, this legislation could significantly impact the financial well-being of many educators across the country and potentially attract more individuals to the field of education.
2023-03-23: Introduced in House
2023-03-23: Referred to the House Committee on Education and the Workforce.
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