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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.

Senate Actions

IntroReferral
May. 08 2024	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Library of Congress Actions

IntroReferral
May. 08 2024	Introduced in Senate

Senate bill S4281-118

Student Loan Forgiveness for Farmers and Ranchers Act

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