National Guard and Reserve Student Loan Fairness Act

This bill allows National Guard and Reserve members to count their active duty service toward student loan forgiveness requirements. Specifically, it deems months of qualifying military service (excluding deployments over 30 days) as equivalent to making monthly loan payments, calculated by dividing days served by 20 and rounding to the nearest whole month. Members must serve at least 10 days in a year to earn credit, and the bill removes the annual limit of 12 qualifying payments, allowing credit for more than 12 months if service qualifies. It directly affects Reserve component members of the Armed Forces who hold eligible federal student loans.