PSLF Payment Completion Fairness Act

The PSLF Payment Completion Fairness Act (HR 2949) amends the Higher Education Act to clarify eligibility for the Public Service Loan Forgiveness (PSLF) program. It revises Section 455(m)(1)(B) by removing the phrase "is employed" and related text, replacing it with "has been" to focus solely on payment completion. This change ensures borrowers qualify for loan forgiveness once they've made 120 qualifying payments, regardless of current employment status. The bill directly affects federal student loan borrowers working in public service jobs who are seeking loan forgiveness under the PSLF program.