Cancel Student Loan Debt For Medical Workers

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Democratic lawmakers introduced legislation that would forgive student loan debt for frontline medical workers.

The law project, Sponsored by Representative Carolyn Maloney (DN.Y), is called the “Frontline Health Care Worker Student Loans Forgiveness Act.“Here’s what the bill would do:

  • The bill would cancel all federal and private student loans for medical workers who work directly in settings where they care for patients with COVID-19.
  • The professions covered would include primary care physicians, nurses, aides, medical residents, interns and technicians.
  • The bill would also cover researchers working on treatments, cures and vaccines for COVID-19.
  • The bill places no cap on the cancellation of student loans.
  • Individual eligibility would be determined by a commission.
  • The canceled student loan balance would not be treated as “taxable income” for the borrower.

AT press conference, Representative Maloney said, “We have an obligation to ensure that men and women are free from debt they have incurred to train for this essential job. Maloney went on to say that forgiving frontline medical workers’ student loan debt would alleviate fears many of these workers have of leaving their families with their student loan debt debts if they fall ill with COVID. -19 or die.

It’s just the latest student loan forgiveness proposal offered by legislators. Senate Democrats have proposed general student loan remission $ 10,000 per student loan borrower in response to the COVID-19 pandemic. House Democrats went even further, claim $ 30,000 in student loan forgiveness. The presumed Democratic presidential candidate, Joe Biden, has also offer a student loan cancellation plan.

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