Bill Summary
This bill seeks to amend the Higher Education Act of 1965 to include full-time employment with a veterans or military service organization as a public service job eligible for loan forgiveness under the Public Service Loan Forgiveness program. This means that individuals who work full-time for these types of organizations will be able to have their student loans forgiven after a certain period of time in service. The bill also has a provision that these organizations must not engage in partisan political campaign activity. It is referred to as the "Veteran Service Equity Act" and makes changes to the Higher Education Act of 1965.
Possible Impacts
1. Individuals who have served in the military may be able to have their student loans forgiven if they work full-time for a veterans or military service organization, making it easier for them to manage their student loan debt and potentially reducing financial stress.
2. Veterans or military service organizations may see an increase in the number of applicants for full-time jobs, as the possibility of loan forgiveness may make these positions more attractive to individuals seeking a way to reduce their student loan debt.
3. The amendment may lead to an increase in the number of full-time jobs available with veterans or military service organizations, providing more employment opportunities for individuals interested in working for these types of organizations.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4609 Introduced in House (IH)]
<DOC>
116th CONGRESS
1st Session
H. R. 4609
To amend the Higher Education Act of 1965 to include a full-time job
with a veterans or military service organization as a public service
job eligible for public service loan forgiveness.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
October 4, 2019
Mr. Levin of California (for himself and Ms. Porter) introduced the
following bill; which was referred to the Committee on Education and
Labor
_______________________________________________________________________
A BILL
To amend the Higher Education Act of 1965 to include a full-time job
with a veterans or military service organization as a public service
job eligible for public service loan forgiveness.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Veteran Service Equity Act''.
SEC. 2. FULL-TIME JOB WITH VETERANS OR MILITARY SERVICE ORGANIZATION.
Section 455(m)(3)(B) of the Higher Education Act of 1965 (20 U.S.C.
1087e(m)(3)(B)) is amended--
(1) in clause (i), by striking ``or'' at the end;
(2) in clause (ii), by striking the period and inserting
``; or''; and
(3) by adding at the end the following:
``(iii) a full-time job with a veterans or
military service organization (as described in
paragraph (19) or (23) of section 501(c) of the
Internal Revenue Code) that does not engage in
partisan political campaign activity.''.
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