119-s1863

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1863 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 1863

 To amend 

section 455
            (m) of the Higher Education Act of 1965 to modify 
 the eligibility requirements of the public service loan forgiveness 
 program for certain members of the Armed Forces, the National Guard, 
 and the commissioned corps of the National Oceanic and Atmospheric 
 Administration, and for other purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 May 22, 2025

Mr. Blumenthal introduced the following bill; which was read twice and 
 referred to the Committee on Health, Education, Labor, and Pensions

_______________________________________________________________________

 A BILL

 To amend 

section 455
            (m) of the Higher Education Act of 1965 to modify 
 the eligibility requirements of the public service loan forgiveness 
 program for certain members of the Armed Forces, the National Guard, 
 and the commissioned corps of the National Oceanic and Atmospheric 
 Administration, and for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Veteran and Active Loan Obligation 
Relief Act of 2025'' or the ``VALOR Act of 2025''.

SEC. 2. MODIFICATION OF PUBLIC SERVICE LOAN FORGIVENESS ELIGIBILITY FOR 
 BORROWERS IN COVERED ACTIVE DUTY SERVICE.

 

Section 455
            (m) of the Higher Education Act of 1965 (20 U.S.C. 
1087e
            (m) ) is amended--

    (1) by redesignating paragraphs

    (3) and

    (4) as paragraphs

    (4) and

    (5) , respectively; and

    (2) by inserting after paragraph

    (2) the following:
 ``

    (3) Special rules with respect to borrowers in covered 
 active duty service.--
 ``
        (A) In general.--In carrying out this subsection 
 with respect to a borrower whose public service 
 includes or consists of covered active duty service, 
 including National Guard service, the Secretary shall--
 ``
            (i) deem each monthly payment that was 
 deferred under subsection

    (f)

    (2)
            (C) or 

section 428

    (b)

    (1)
            (M) 
            (iii) (relating to certain National 
 Guard duty or active duty deferment) or 

section 493D, or that would have been due while the 
 loan was in forbearance under subsection
            (l) (2) or 

section 428
            (c) (3)
        (A)
            (i) 
            (iv) , to be a 
 qualifying monthly payment made by the borrower 
 for purposes of subparagraphs
        (A) and
        (B)
            (ii) of paragraph

    (1) ;
 ``
            (ii) waive the requirement of paragraph

    (1)
        (B)
            (i) if the borrower completed 10 years of 
 full-time employment in covered active duty 
 service during the period of the loan; and
 ``
            (iii) ensure that a borrower whose public 
 service job included covered active duty 
 service and who meets the requirements of this 
 subsection is able to receive public service 
 loan forgiveness in accordance with the terms 
 of this subsection, without regard as to when 
 the borrower enrolled in the public service 
 loan forgiveness program.
 ``
        (B) Covered active duty service defined.--In this 
 paragraph, the term `covered active duty service' 
 means--
 ``
            (i) active service (as that term is 
 defined in 

section 101
            (d) of title 10, United 
 States Code); and
 ``
            (ii) full-time duty in the active service 
 of the commissioned corps of the National 
 Oceanic and Atmospheric Administration.''.
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