,,ii #aai? ,,congress #a/ ,session ,s4 #cbgg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,novemb] #bj1 #bjbe,mr4 ,blum5?al 7= himself1 ,mr4 ,wel*1 ,mr4 ,lujn1 ,ms4 ,hirono1 ,ms4 ,smi?1 & ,ms4 ,w>r57 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,heal?1 ,education1 ,labor1 & ,p5sions ,a ,,bill ,to am5d ! ,high] ,education ,act ( #aife to provide = a p]c5tage ( /ud5t loan =giv5ess = public s]vice employm5t1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/r5g!n+ ,loan ,=giv5ess = ,public ,s]vice ,work]s ,act4 #b4 ,public s]vice loan =giv5ess program ,section #dee7m7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;e7m77 is am5d$-- 7#a7 9 p>agraph 7#a7-- 7,a7 9 ! matt] prec$+ subp>agraph 7,a71 by ins]t+ 1 except z provid$ 9 p>agraph 7#e71 aft] on any eligible ,f$]al ,direct ,loan n 9 default2 & 7,b7 by /rik+ subp>agraph 7,b7 & ins]t+ ! foll[+3 7,b7 has be5 employ$ 9 a public s]vice job dur+ ! p]iod 9 :i* ! borr[] makes ea* ( ! #abj paym5ts describ$ 9 subp>agraph 7,a74 2 & 7#b7 by add+ at ! end ! foll[+3 7#e7 ,loan cancellation = new loans 7,a7 ,9 g5]al ,beg9n+ aft] ! date ( enactm5t ( ! ,/r5g!n+ ,loan ,=giv5ess = ,public ,s]vice ,work]s ,act1 ! ,secret>y %all cancel ! p]c5t specifi$ 9 subp>agraph 7,b7 ( ! total am\nt due on any eligible ,f$]al ,direct ,loan made aft] ! date ( enactm5t ( ! ,/r5g!n+ ,loan ,=giv5ess = ,public ,s]vice ,work]s ,act = a borr[] :o is employ$ 9 a public s]vice job & = :om employm5t is c]tifi$ pursuant to subp>agraph 7,d74 7,b7 ,p]c5t am\nt ,! p]c5t ( a loan t %all be cancel$ "u subp>agraph 7,a7 is z foll[s3 7i7 ,9 ! case ( a borr[] :o has made #bd mon?ly paym5ts on any eligible ,f$]al ,direct ,loan made aft] ! date ( enactm5t ( ! ,/r5g!n+ ,loan ,=giv5ess = ,public ,s]vice ,work]s ,act & 0 employ$ 9 a public s]vice job dur+ ! p]iod 9 :i* ! borr[] made ea* ( ! #bd mon?ly paym5ts1 #ae p]c5t ( ! total am\nt due on ! eligible ,f$]al ,direct ,loan on ! date ! borr[] ent]$ repaym5t on su* eligible ,f$]al ,direct ,loan4 7ii7 ,9 ! case ( a borr[] :o has made #dh mon?ly paym5ts on any eligible ,f$]al ,direct ,loan made aft] ! date ( enactm5t ( ! ,/r5g!n+ ,loan ,=giv5ess = ,public ,s]vice ,work]s ,act & 0 employ$ 9 a public s]vice job dur+ ! p]iod 9 :i* ! borr[] made ea* ( ! #dh mon?ly paym5ts1 an additional #ae p]c5t ( ! total am\nt due on ! eligible ,f$]al ,direct ,loan on ! date ! borr[] ent]$ repaym5t on su* eligible ,f$]al ,direct ,loan4 7iii7 ,9 ! case ( a borr[] :o has made #gb mon?ly paym5ts on any eligible ,f$]al ,direct ,loan made aft] ! date ( enactm5t ( ! ,/r5g!n+ ,loan ,=giv5ess = ,public ,s]vice ,work]s ,act & 0 employ$ 9 a public s]vice job dur+ ! p]iod 9 :i* ! borr[] made ea* ( ! #gb mon?ly paym5ts1 an additional #ae p]c5t ( ! total am\nt due on ! eligible ,f$]al ,direct ,loan on ! date ! borr[] ent]$ repaym5t on su* eligible ,f$]al ,direct ,loan4 7iv7 ,9 ! case ( a borr[] :o has made #if mon?ly paym5ts on any eligible ,f$]al ,direct ,loan made aft] ! date ( enactm5t ( ! ,/r5g!n+ ,loan ,=giv5ess = ,public ,s]vice ,work]s ,act & 0 employ$ 9 a public s]vice job dur+ ! p]iod 9 :i* ! borr[] made ea* ( ! #if mon?ly paym5ts1 an additional #ae p]c5t ( ! total am\nt due on ! eligible ,f$]al ,direct ,loan on ! date ! borr[] ent]$ repaym5t on su* eligible ,f$]al ,direct ,loan4 7,c7 ,cancellation ( rema9+ balance 7i7 ,9 g5]al ,9 ! case ( a borr[] :o has made #abj mon?ly paym5ts on any eligible ,f$]al ,direct ,loan made aft] ! date ( enactm5t ( ! ,/r5g!n+ ,loan ,=giv5ess = ,public ,s]vice ,work]s ,act & 0 employ$ 9 a public s]vice job dur+ ! p]iod 9 :i* ! borr[] made ea* ( ! #abj mon?ly paym5ts1 ! ,secret>y %all cancel ! obligation to repay ! balance ( pr9cipal & int]e/ due z ( ! "t ( su* cancellation on ! eligible ,f$]al ,direct ,loan made to ! borr[] if employm5t is c]tifi$ pursuant to subp>agraph 7,d74 7ii7 ,def]m5t ,! ,secret>y %all automatically place an eligible ,f$]al ,direct ,loan ( a borr[] describ$ 9 clause 7i7 9 def]m5t = ! p]iod dur+ :i* ! ,secret>y processes ! loan cancellation describ$ 9 clause 7i74 7,d7 ,employm5t c]tification ,! ,secret>y %all c]tify a borr[]'s employm5t = purposes ( loan cancellation "u ?is p>agraph-- 7i7 )\t requir+ ! borr[] to submit in=mation1 if ! ,secret>y is able to confirm t ! borr[] meets ! employm5t requirem5ts "u ?is p>agraph )\t su* in=mation2 or 7ii7 9 ! case 9 :i* ! ,secret>y is n able to confirm t ! borr[] meets ! employm5t requirem5ts "u ?is p>agraph )\t in=mation f ! borr[]1 if ! borr[] submits to ! ,secret>y an employm5t c]tification =m t is develop$ by ! ,secret>y & includes self-c]tification ( employm5t & a sep>ate "p = employ] c]tification t indicates ! dates ( employm5t = purposes ( loan cancellation "u ?is p>agraph4 7,e7 ,int]e/ cancel$ 7i7 ,9 g5]al ,if a portion ( a loan is cancel$ "u ?is p>agraph = any ye>1 ! entire am\nt ( int]e/ on su* loan t accrues = su* ye> %all be cancel$4 7ii7 ,int]e/ cancel$ dur+ review ,! ,secret>y %all cancel any int]e/ t accrues t is n o!rwise cancel$ pursuant to ?is p>agraph = a borr[] :o receives loan cancellation "u ?is p>agraph dur+ ! p]iod beg9n+ on ! date ! borr[] submits an application = loan cancellation "u ?is p>agraph until ! date ! borr[] receives loan cancellation pursuant to su* application t is approv$4 4