Bill sails through committee 12-0
(Feb. 21) — The House Education committee passed a bill sponsored by Rep. Julie McCluskie, D-Dillon to notify state employees of their eligibility for the federal Public Service Loan Forgiveness program.
“When we see that only one percent of eligible employees are using this program, we know that something isn’t right,” said Rep. McCluskie. “By increasing enrollment into this program, this no-cost, commonsense solution will help ease the student debt burden for tens of thousands of public employees.”
The Public Service Loan Forgiveness Program is designed to support employees working in public service fields by forgiving the remaining balance of a borrower’s federal loans after they’ve made 120 qualifying monthly payments while working for an eligible employer. Eligible employment includes jobs in government, military, law enforcement, public health and service, 501(c)(3) nonprofit organizations and more.
SB19-057 directs the Department of Personnel to distribute informational materials regarding the loan forgiveness program to eligible employees in the state so that they can enroll.
The bill passed the committee 12-0 and now heads to the House floor.