118th Congress · HOUSE BILLBILL

H.R. 2728 — Young Farmer Success Act

“To amend the Higher Education Act of 1965 to include certain individuals who work on farms or ranches as individuals who are employed in public service jobs for purposes of eligibility for loan forgiveness under the Federal Direct Loan program.”

Education

Introduced Apr 19, 2023

Last action Apr 19, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 19, 2023

Step 2

Referred

Apr 19, 2023

Education and Workforce

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill makes certain farmers or ranchers eligible for student loan forgiveness under the Public Service Loan Forgiveness (PSLF) program. Under the PSLF program, the Department of Education must cancel the balance of interest and principal due on a borrower's Federal Direct Loans after the borrower makes 120 monthly loan payments while employed in a public service job. This bill broadens the definition of public service job to include a full-time job engaged in farm work as an employee or manager of a qualified farm or ranch.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Apr 19, 2023

Introduced in House

Apr 19, 2023

Referred to the House Committee on Education and the Workforce.