67th Girls Nation Congress
To amend the Public Service Loan Forgiveness Program (PSLF) of the College Cost Reduction and Access Act of 2007 to allow those serving in the military the ability to apply for educational loan forgiveness after their first year of military service.
IN THE SENATE OF GIRLS NATION
Senators Stinson and Baveja of Michigan introduced the following bill; which was referred to Committee .
BE IT ENACTED BY THE SENATE OF GIRLS NATION ASSEMBLED.
SECTION 1. TITLE
This amendment may be cited as the "Military Loan Forgiveness Amendment".
SECTION 2. PURPOSE
This amendment will provide equal access to federal educational loan forgiveness for military service members as are provided for teachers and health care professionals under separate federal loan forgiveness programs.
SECTION 3. DEFINITIONS
Military service members are those who serve on active duty in the United States Armed Forces. The College Cost Reduction and Access Act of 2007 provides the Public Service Loan Forgiveness Program (PSLF) as a means for service members to receive federal student loan forgiveness.
SECTION 4. MILITARY LOAN FORGIVENESS AMENDMENT
The Military Loan Forgiveness Amendment entails that:
(A) Military personnel have equal access to loan forgiveness as education and health care professionals under separate federal loan forgiveness programs.
(1) Military service members can apply for loan forgiveness after completing their first year of service.
(2) The amount of loan forgiveness is up to 100% and cannot exceed the value of G.I. Bill benefits.
(B) Military service members that choose loan forgiveness waive their G.I. Bill benefits.
(C) All military service members regardless of their military occupational specialty (MOS) are eligible for loan forgiveness.
SECTION 5. Effective Date
This amendment shall be effective for all members of the U.S. military in the United States on or after January 1st, 2014.
“Girls Nation has embedded, without doubt, an everlasting visage on my heart, for no experience can even compare..." – Siyu Liu, ALA Girls Nation Senator