Counts more public service loan payments toward forgiveness

Lets public service workers have more of their monthly student loan payments count toward loan cancellation, including some payments of any size and months when payments were paused.

• The first 60 monthly payments count no matter how small the amount paid
• Later payments must be at least the amount set for a 10-year repayment plan
• Months when payments were paused count if the borrower held a public service job
• The Education Department must tell borrowers about these changes within 180 days

In committee

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