SERVICE Act amends the Higher Education Act to improve the Public Service Loan Forgiveness program.
The SERVICE Act amends the Higher Education Act of 1965 to enhance the Public Service Loan Forgiveness program. It modifies the terms and conditions of employment, including the definition of "independent contractor." The bill introduces a buyback payment process for borrowers to count unpaid months as qualifying payments. It also establishes an online portal and database of public service jobs, providing borrowers with information on public service employment and loan forgiveness.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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