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S. 5388

Student Loan Forgiveness for Farmers and Ranchers Act

Student Loan Forgiveness for Farmers and Ranchers Act

This bill establishes a student loan forgiveness program for certain farmers or ranchers.

Specifically, to receive loan forgiveness under this bill, a borrower must (1) make 120 monthly loan payments under a specified repayment plan while employed full-time at a qualified farm or ranch; and (2) fall within certain categories of individuals such as a beginner farmer or rancher, an individual underrepresented in the agricultural profession, or a veteran farmer or rancher.

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Sen. Murphy, Christopher [D-CT](D-CT)Sponsor
2 cosponsors2 D
2cosponsors1committees2actions2related bills
  1. IntroReferral

    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

    Health, Education, Labor, and Pensions Committee
  2. IntroReferral10000

    Introduced in Senate