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S 4567·Federal·senate

Loan Forgiveness for Educators Act of 2026

In CommitteeFiled May 19, 2026
Sponsor: Sen. Luján, Ben Ray [D-NM] (D)
Latest Action

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

May 19, 2026

Summary

The bill amends the Higher Education Act to let the Education Secretary cancel the entire balance of eligible student loans for educators who work five years in high‑need schools or early‑childhood programs. It also requires the Secretary to cover each month’s minimum loan payment while the educator is in service, counting those payments toward forgiveness. The measure aims to reduce debt burdens and attract and keep qualified teachers in underserved areas.

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