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House Bill 6825
116th Congress(2019-2020)
Teacher Loan Forgiveness Improvement Act of 2020
Introduced
Introduced
Introduced in House on May 12, 2020
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Introduced in House 
May 12, 2020
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Introduced in House(May 12, 2020)
May 12, 2020
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H. R. 6825 (Introduced-in-House)


116th CONGRESS
2d Session
H. R. 6825


To increase the amount of loan forgiveness available to teachers.

IN THE HOUSE OF REPRESENTATIVES

May 12, 2020

Mrs. Luria introduced the following bill; which was referred to the Committee on Education and Labor

A BILL

To increase the amount of loan forgiveness available to teachers.

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 “Teacher Loan Forgiveness Improvement Act of 2020”.

SEC. 2. Increased loan forgiveness for teachers.

Section 428J(c) of the Higher Education Act of 1965 (20 U.S.C. 1078–10(c)) is amended—

(1) in paragraph (1), by striking “$5,000” and inserting “$15,000”; and

(2) in paragraph (3), by striking “$17,500” and inserting “$30,000”.

SEC. 3. Increased loan cancellation for teachers.

Section 460(c) of the Higher Education Act of 1965 (20 U.S.C. 1087j(c)) is amended—

(1) in paragraph (1), by striking “$5,000” and inserting “$15,000”; and

(2) in paragraph (3), by striking “$17,500” and inserting “$30,000”.

SEC. 4. Application of amendments.

The amendments made by this Act shall apply with respect to any borrower who completes the fifth complete school year of teaching required for loan forgiveness under section 428J(b) of the Higher Education Act of 1965 (20 U.S.C. 1078–10(b)), or for loan cancellation under section 460(b) of such Act (20 U.S.C. 1087j(b)), on or after the date of enactment of this Act.