1. Short title
This Act may be cited as the “Safety Net Health Plan Employee Student Loan Forgiveness Fairness Act”.
Safety Net Health Plan Employee Student Loan Forgiveness Fairness Act
A BILL
To clarify that employees of safety net health plans are eligible for loan forgiveness under the Public Service Loan Forgiveness Program.
2. Public Service Loan Forgiveness for employees of safety net health plans
In general— Section 455(m)(3) of the Higher Education Act of 1965 (20 U.S.C. 1087e(m)(3)) is amended—
in subparagraph (B), by inserting “at an organization that is a safety net health plan (as such term is defined in subparagraph (C)), ” after “school-based services,”; and
by adding at the end the following new subparagraph:
“(C) Safety net health plan
“(i) In general—The term safety net health plan means any entity with net premiums written for health insurance for United States health risks that is described in clause (ii) or (iii) of section 57.2(b)(2) of title 26, Code of Federal Regulations (as such section is in effect on October 1, 2019).
“(ii) Other terms defined—For the purposes of this subparagraph, the terms net premiums written and United States health risks have the meanings given such terms in section 57.2 of title 26, Code of Federal Regulations (as such section is in effect on October 1, 2019).”
Application of amendments— In carrying out the Public Service Loan Forgiveness Program under section 455(m) of the Higher Education Act of 1965 (20 U.S.C. 1087e(m)), with respect to the calculation of the employment period of a borrower who is or was employed by a safety net health plan (as defined in such section, as amended by this Act), and the number of qualifying monthly payments made by such borrower for the purposes of loan forgiveness under such section, the Secretary of Education shall include any such employment performed, and any such monthly payments made, after the date of enactment of the Higher Education Opportunity Act of 2008 (Public Law 100–15).