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ASAP Forgiveness Act

USA117th CongressS-4342| Senate 
| Updated: 5/26/2022
Sheldon Whitehouse

Sheldon Whitehouse

Democratic Senator

Rhode Island

Health, Education, Labor, and Pensions Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Affording Students A Path to Forgiveness Act or the ASAP Forgiveness Act This bill requires the Department of Education to cancel up to $30,000 of interest and principal due on any eligible Federal Direct Loan that is in repayment status for a borrower who (1) has made 60 monthly payments on the loan pursuant to any authorized repayment plan, and (2) has been employed for 10 years after graduating from or leaving the institution of higher education (IHE) for which the loan was made to enable the borrower to enroll at the IHE.
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Timeline
May 26, 2022
Introduced in Senate
May 26, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • May 26, 2022
    Introduced in Senate


  • May 26, 2022
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Education

ASAP Forgiveness Act

USA117th CongressS-4342| Senate 
| Updated: 5/26/2022
Affording Students A Path to Forgiveness Act or the ASAP Forgiveness Act This bill requires the Department of Education to cancel up to $30,000 of interest and principal due on any eligible Federal Direct Loan that is in repayment status for a borrower who (1) has made 60 monthly payments on the loan pursuant to any authorized repayment plan, and (2) has been employed for 10 years after graduating from or leaving the institution of higher education (IHE) for which the loan was made to enable the borrower to enroll at the IHE.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 26, 2022
Introduced in Senate
May 26, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • May 26, 2022
    Introduced in Senate


  • May 26, 2022
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Sheldon Whitehouse

Sheldon Whitehouse

Democratic Senator

Rhode Island

Health, Education, Labor, and Pensions Committee

Education

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted