Pslf

👀 I’m Just a Bill — Public Service Loan Forgiveness Reform (S.4350) A Liana Banyan “I’m Just a Bill” Bounty Poster What is this bill? S.4350 in the 119th Congress would clarify and expand Public Service Loan Forgiveness (PSLF) eligibility, particularly for cooperative-class workers and certain nonprofit-sector employees whose eligibility has been historically ambiguous. What does it actually do? Eligibility clarification: Expands the definition of “qualifying employer” to include certain cooperative-sector and worker-owned enterprises. Payment counting: Allows previously-disqualified payments under prior repayment plans to count toward the 120-payment threshold. Forbearance correction: Addresses the 2023 PSLF guidance issues for borrowers placed in incorrect forbearance. Servicer accountability: Strengthens oversight of PSLF servicers to prevent improper denials. Who votes when? Senate HELP Committee: Active consideration House companion: Pending introduction President: Signature expected if both chambers pass How does this affect cooperative-class families? Directly affects the cooperative’s labor-class membership pool. Cooperative-employer eligibility for PSLF is a structural recognition that worker-owned enterprises are part of the public-good economy. Composes with: ...