If you’re in the healthcare field, it may be worth checking to see if you can get student loan forgiveness.
The U.S. is still digging itself out of the financial issues caused by the pandemic that began two years ago.
A new bill was recently introduced that will help healthcare workers get rid of their student loans.
The Student Loan Forgiveness Front Line Healthcare Workers Act
The bill will create a private and federal student loan forgiveness program. The loans need to be specifically for a medical education.
Included are fees for medical school, nursing school, and various medical programs.
The bill is covering individuals with these types of education that have made contributions to the pandemic.
What kind of a contribution needs to be made for the student loan forgiveness?
Different factors decide what counts as a contribution.
One factor is how many hours the person has worked.
The type of care they have provided patients matters.
Any medical researched completed matters.
Those who have helped with things like testing and improving the state of the system in regard to things like capacity will also qualify.
Professions that can apply for the loan forgiveness
- Medical researchers
- Lab employees
- Healthcare workers responding to the pandemic
- Those who have left their other work to focus on supporting the pandemic
This bill has not passed, and needs to go further before becoming law.
It needs to go through the House of Representatives, the Senate, and finally President Joe Biden.
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