PSLF Payment Completion Fairness Act

The PSLF Payment Completion Fairness Act (S 1331) amends the Higher Education Act to change the eligibility requirement for Public Service Loan Forgiveness (PSLF) from requiring borrowers to be *currently* employed in qualifying public service jobs to requiring them to have *completed* the required period of such employment. This change directly affects federal student loan borrowers who have fulfilled the service requirements but may no longer work in public service roles (e.g., teachers, firefighters, government employees). The bill removes a barrier where borrowers lost eligibility after leaving public service jobs, even if they met the 10-year service threshold. It aims to align the program with its original intent of forgiving loans for completed service, not ongoing employment.