Doctors’ Education Loans Impact VA Employee Retention Act
A BILL
To amend title 38, United States Code, to direct the Secretary of Veterans Affairs to provide for the repayment of higher education loans for certain employees of the Department of Veterans Affairs.
Sec. 2 Repayment of higher education loans for employees participating in an income-based repayment plan
“713. Program for repayment of higher education loans for employees participating in an income-based repayment plan
“(a) Establishment—The Secretary shall establish and carry out a program to make each monthly payment owed by an employee of the Department on a covered loan during the period of service of such employee to the Department.
“(b) Covered loan defined—In this section, the term “covered loan” means a loan—
“(1) made, insured, or guaranteed under part B or part D of title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.); and
“(2) in repayment under an income-based repayment plan under section 493C of such Act (20 U.S.C. 1098e).”