To codify Executive Order 14235 relating to restoring public service loan forgiveness.

Key Points

• This bill would turn Executive Order 14235, which restored Public Service Loan Forgiveness (PSLF), into permanent law. This means the rules for the program could not be easily reversed by a future president.
• The bill was introduced by Rep. Self and referred to the House Committee on Education and Workforce, where it must be reviewed before advancing further in Congress.
• Public Service Loan Forgiveness helps people in government and nonprofit jobs get their remaining federal student loan balance canceled after making 120 qualifying monthly payments (about 10 years). Teachers, nurses, firefighters, and military members are among those who benefit.
• By codifying the executive order, the bill would give borrowers in public service more certainty that the program's rules will remain stable, since laws are much harder to undo than executive orders.