H.R. 2661, The Education for Public Service Act of 2007

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 2661 would make careers in public service more feasible for students with high educational debt.

Detailed Summary

Education for Public Service Act of 2007 - Amends the Higher Education Act of 1965 to direct the Secretary of Education to forgive the balance due on Direct Loans and direct consolidation loans by individuals who have been public sector employees for 10 years and have made 120 income contingent payments on such loans.

Revises income contingent Direct Loan repayment schedules for married borrowers to attribute to the borrower one-half (rather than all) of the combined adjusted gross income of the borrower and the borrower's spouse.

Status of the Legislation

Latest Major Action: 6/11/2007: Referred to House committee. Status: Referred to the House Committee on Education and Labor.

Points in Favor

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Points Against

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