Urges Congress to amend tax code to permanently exclude all forms of discharged student loans from federal income tax.
Urges Congress to amend tax code to exclude all forms of discharged student loans from federal income tax.
Urges President and Congress of United States to continue federal Public Service Loan Forgiveness Program.
Urges President and Congress of United States to continue federal Public Service Loan Forgiveness Program.
Urges President and Congress of United States to continue federal Public Service Loan Forgiveness Program.
Debt Cancellation Accountability Act of 2023
Debt Cancellation Accountability Act of 2023 This bill prohibits the Department of Education from providing class-based loan forgiveness unless funds have been specifically requested and appropriated for this purpose. Class-based loan forgiveness refers to the cancellation, waiver, assumption, discharge, reduction, or other forgiveness of any obligation due on Federal Family Education Loans, Federal Direct Loans, or Federal Perkins Loans (1) on a class-wide basis and for a class of two or more loan borrowers, and (2) that totals more than $1 million. The prohibition does not apply to targeted loan forgiveness programs explicitly established under the Higher Education Act of 1965 and in effect before January 1, 2022, if the loan forgiveness is granted for a single borrower on a case-by-case basis.
Public postsecondary education: admission of pupils who have earned associate of arts degrees while attending high school.