Stafford Loan Justice

SB 1556 – Finally!

Since 2012, I’ve written about the lack of opportunities for borrowers when it comes to the Public Service Loan Forgiveness (PSLF) program.

In June 2015, Sen. Richard Durbin (D-IL) introduced S.B. 1556, Adjunct Faculty Loan Fairness Act of 2015.  The bill is co-sponsored by Sen. Al Franken (D-MN).  This legislation, if passed in law, would amend current language in the Higher Education Act of 1965 to include

“(II) as a part-time faculty member or instructor who—

“(aa) teaches not less than 1 course at an institution of higher education (as defined in section 101(a)), a postsecondary vocational institution (as defined in section 102(c)), or a Tribal College or University (as defined in section 316(b)); and

“(bb) is not employed on a full-time basis by any other employer.”

This simple, elegant solution will assist millions of teachers. Many part time, temporary faculty teach at multiple institutions and often less than 30 hours per week. Currently, these faculty are not eligible for the PSLF program. Durbin’s bill is critical to the recognition that teaching is a form of public service and that all teachers, not just those fortunate individuals in full time positions, ought to be eligible to participate.

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Written by S.

October 17, 2015 at 3:35 pm