,i  #aahth ,,congress  #ast ,session    
,h4 ,r4 #cifg  ,,in ,,the ,,house ,,of  
,,representatives  ,june #i1 #bjbc,mr4  
,gomez 7for himself and ,mr4 ,pascrell7 
introduced the following bill2 which was
 referred to the ,committee on ,ways and
 ,means  ,a ,,bill  ,to amend the       
,internal ,revenue ,code of #aihf to    
make permanent the exclusion from       
taxable income of any student loan      
forgiveness or discharge4  #a4 ,short   
title ,this ,act may be cited as the    
,student ,loan ,tax ,relief ,act4  #b4  
,modification of treatment of student   
loan forgiveness  7a7 ,in general       
,section #ajh7;f7 of the ,internal      
,revenue ,code of #aihf is amended--    
7#a7 by amending paragraph 7#a7 to read 
as follows3  7#a7 ,in general ,in the   
case of an individual1 gross income does
 not include any amount which 7but for  
this subsection7 would be includible in 
gross income by reasons of the discharge
 7in whole or in part7 of-- 7,a7 any    
loan provided expressly for             

postsecondary educational expenses1     
regardless of whether provided through  
the educational institution or directly 
to the borrower1 if such loan was made1 
insured1 or guaranteed by-- 7i7 the     
,united ,states1 or an instrumentality  
or agency thereof1  7ii7 a ,state1      
territory1 or possession of the ,united 
,states1 or the ,district of ,columbia1 
or any political subdivision thereof1 or
  7iii7 any institution of higher       
education1  7,b7 any private education  
loan 7as defined in section #adj7;a77#g7
 of the ,truth in ,lending ,act71  7,c7 
any loan made by any educational        
organization described in section       
#agj7;b77#a77;,a77ii7 if such loan is   
made-- 7i7 pursuant to an agreement with
 any entity described in subparagraph   
7,a7 or any private education lender 7as
 defined in section #adj7;a7 of the     
,truth in ,lending ,act7 under which the
 funds from which the loan was made were
 provided to such educational           
organization1 or  7ii7 pursuant to a    

program of such educational organization
 which is designed to encourage its     
students to serve in occupations with   
unmet needs or in areas with unmet needs
 and under which the services provided  
by the students 7or former students7 are
 for or under the direction of a        
governmental unit or an organization    
described in section #eja7;c77#c7 and   
exempt from tax under section #eja7;a71 
or  7,d7 any loan made by an educational
 organization described in section      
#agj7;b77#a77;,a77ii7 or by an          
organization exempt from tax under      
section #eja7;a7 to refinance a loan to 
an individual to assist the individual  
in attending any such educational       
organization but only if the refinancing
 loan is pursuant to a program of the   
refinancing organization which is       
designed as described in subparagraph   
7,c77ii74  1  7#b7 by striking          
paragraphs 7#b7 and 7#e71  7#c7 by      
redesignating paragraphs 7#c7 and 7#d7  
as paragraphs 7#b7 and 7#c71            

respectively1 and  7#d7 in paragraph    
7#b71 as so redesignated1 by-- 7,a7     
striking made by an organization        
described in paragraph 7#b77;,d7 and    
inserting made by an organization       
described in paragraph 7#a77;,c7 or made
 by a private education lender 7as      
defined in section #adj7;a77#g7 of the  
,truth in ,lending ,act71 and  7,b7     
inserting or for such private education 
lender after either such organization4  
7b7 ,effective ,date ,the amendments    
made by this section shall apply to     
discharges of loans after ,january #ca1 
#bjbb4