H.R. 8098 — Introduced in House

I 117th CONGRESS 2d Session H. R. 8098 IN THE HOUSE OF REPRESENTATIVES June 16, 2022Mr. Buck (for himself and Mr. Banks) introduced the following bill; which was referred to the Committee on Education and Labor A BILL To limit eligibility for public service loan forgiveness to borrowers of Federal student loans with incomes below a certain maximum threshold, and for other purposes. 1. Income limit for public service loan forgiveness Section 455(m) of the Higher Education Act of 1965 (20 U.S.C. 1087e(m)) is amended— (1) by redesignating paragraphs (2) through (4) as paragraphs (3) through (5), respectively; (2) in paragraph (1), in the matter preceding subparagraph (A), by striking paragraph (2) and inserting paragraph (3); and (3) by inserting after paragraph (1) the following: (2) Income limit Notwithstanding any other provision of this subsection, a monthly payment made on an eligible Federal Direct Loan during any year in which the adjusted gross income of the borrower exceeds $173,000 shall not be counted for purposes of determining the number of qualifying payments made by the borrower under paragraph (1)(A). .