Essential workers would have $25,000 in student loans forgiven in new bill

Essential workers would have $25,000 in student loans forgiven in new bill

You are Forgiven To Pay Bills No More!

A new bill introduced this week called the Opportunities for Heroes Act seeks to provide up to $25,000 in student loan relief and tuition assistance to frontline workers.

Rep. Carolyn Maloney announced a bill on Tuesday to writeoff public and private student loans for healthcare workers on the frontlines of the coronavirus pandemic.

The bill, if passed into law, would forgive loans incurred from medical school or other professional education, and the amount of loans relieved has "absolutely no cap," Maloney said in a press call.

Nurses, doctors, and other healthcare workers who are responding to the COVID-19 crisis would be eligible for the relief from the "Student Loan Forgiveness for Frontline Health Workers Act."

Eligibility would be determined by a special commission to determine which workers qualify, but Maloney said all workers directly combatting the coronavirus should have their loans relieved. Technicians, nursing aides, and even researchers working toward treatments and vaccines could be eligible, Maloney said.

"We should do more than thanking them" and forgiving loans is a "concrete" way to do that, Maloney said.

Maloney, a Democrat representing parts of New York City, likened the response from healthcare workers during the coronavirus pandemic to the response from emergency first responders during the 9/11 attacks.

“Essential workers risk their health and well-being every day to keep our society functioning during this unprecedented pandemic,” Rep. Kuster said in a statement. “We owe these heroes a debt of gratitude.

The legislation would provide $25,000 in either student loan debt relief or education benefits to essential workers. If the essential worker does not wish to use their education credit, they can transfer it to a family member, such as their child.