Payments under the Repayment Assistance Plan count toward forgiveness
What the document says“on-time payments under the Repayment Assistance Plan under subsection (q); and”
The section adds a new clause (v) to section 455(m)(1)(A) of the Higher Education Act of 1965 (20 U.S.C. 1087e(m)(1)(A)) counting on-time payments under the Repayment Assistance Plan, and ties an existing clause to the wording in effect the day before a repeal.
What the document actually says“on-time payments under the Repayment Assistance Plan under subsection (q); and”
Payments made on time under a new plan now count. That plan is the Repayment Assistance Plan.
They count toward public service loan forgiveness. That wipes a loan after enough payments. The older law is not indexed here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.