Download Bill
American Education Affordability & Opportunity Act
🎓 💰 🏠 📚
Relief for Students & Essential Workers

American Education Affordability & Opportunity Act

Tax credits for teachers and first responders, lower interest rates on student loans, help buying your first home, and rewards for paying off your loans — real relief for the people who serve our communities.

💰 Tax Credits for Essential Workers

Teachers, nurses, firefighters, and other essential public servants get real money back

$5,000
Per Year in Tax Credits

If you're a teacher, nurse, firefighter, social worker, public defender, librarian, or other essential public servant, you can get up to $5,000 back on your taxes every year — up to $50,000 over your career.

10%
Of Wages (Up to $50K)
$50,000
Lifetime Maximum
$5,000
Student Loan Interest Deduction

Who Qualifies as an Essential Public Servant?

These workers serve our communities every day — they deserve real support

👨‍🏫 Teachers & Educators 👩‍⚕️ Nurses & Healthcare Workers 🚒 Firefighters 👮 Law Enforcement 🚑 EMTs & Paramedics 👩‍⚖️ Public Defenders 📚 Librarians 🧑‍⚕️ Social Workers 👶 Child Protective Services 🏥 Community Health Workers ⚖️ Legal Aid Attorneys 🏛️ Public Health Nurses

💵 Annual Tax Credit

Get 10% of your wages back as a tax credit — up to $5,000 every year. If you make $50,000, that's $5,000 back in your pocket.

Up to $5,000/Year

🎯 Lifetime Benefit

The credits add up over your career. You can receive up to $50,000 in total tax credits for your service to the community.

$50,000 Lifetime Max

📝 Student Loan Interest

Deduct up to $5,000 in student loan interest from your taxes — double the current limit. That means more money stays with you.

$5,000 Deduction

🎓 Loan Forgiveness

After 5 years of service, get 25% of your federal student loans forgiven. After 10 years, get 100% forgiven — up to $100,000.

Up to $100,000 Forgiven

📚 Student Loan Help for Everyone

Lower rates, better terms, and real relief for borrowers

PRIVATE LOANS
💳

Private Loan Relief

High-interest private student loans can be refinanced through a new federal program with much lower rates.

  • Interest rate capped at 5% maximum
  • Access to income-based payment plans
  • $50 billion available for refinancing
  • Completely voluntary — your choice
TRAINING
🛠️

Career Training Relief

If you're unemployed and in a job training program, your federal student loans get special treatment.

  • 0% interest while in training
  • $0 payments required during training
  • Months count toward forgiveness
  • $15 billion over 10 years
LOW INCOME
🛡️

Income-Based Help

If your income is below 200% of the poverty level, you get extra help with your federal student loans.

  • No interest charged on your loans
  • Payments based on what you can afford
  • $4 billion over 10 years
  • Protects struggling families

🏆 Rewards for Responsible Borrowers

Paid off your student loans? You deserve recognition too

🎯

Student Loan Integrity Credit

$2,000

If you paid off your student loans in full without forgiveness, you get a one-time tax credit of 15% of what you paid — up to $2,000.

🏠

Down Payment Help

$7,500

Made 36 on-time student loan payments? You can get up to $7,500 toward a down payment on your first home — and it's forgiven after 5 years!

📖 Help for All Workers with Student Debt

Even if you're not an essential public servant, this law helps anyone with student loans. Whether you're a farmer, truck driver, contractor, or working in any field — there's something here for you.

  • Lower private loan rates — refinance to 5% or less
  • Income-based payments — pay what you can afford
  • Training support — $0 payments while learning new skills
  • First-time homebuyer help — up to $7,500
  • Credit for paying off loans — up to $2,000 back
🎓

$1.7 Trillion

Total student debt in America — this law helps tackle it

Workers Who Benefit

From teachers to truck drivers — relief for working Americans

👨‍🏫 Teachers 👩‍⚕️ Nurses & Doctors 🚒 First Responders 👮 Law Enforcement 🦷 Dentists 👷 Contractors 🛒 Grocers 🚚 CDL Truck Drivers 👨‍🌾 Farmers & Ranchers 🎣 Fishermen 🎖️ Veterans 🌿 Indigenous Workers 👴 Retirees 👨‍🎓 Young Adults 18-25 🍇 Vintners 🌾 Farm Workers 📚 Librarians 👩‍⚖️ Public Defenders 🧑‍⚕️ Social Workers

👨‍🎓 Young Adults 18-25

Just starting out? Refinance high-interest private loans to 5% or less. Get training support with $0 payments while you learn new skills.

5% Max Rate

🎖️ Veterans

Served your country? Essential public service counts toward loan forgiveness. Plus access to all refinancing and down payment programs.

Service Counts

👨‍🌾 Farmers & Ranchers

Refinance student loans from agricultural programs at lower rates. Income-based payments work with seasonal farm income.

Flexible Payments

🚚 CDL Truck Drivers

Loans for CDL training programs qualify for career training relief — 0% interest and $0 payments while you're earning your license.

0% While Training

Built-In Accountability

Every dollar tracked, every program reviewed

10
Year Sunset Clause
3
GAO Reviews
$97B
In Identified Funding
$50B
Private Loan Refinancing

Education Should Open Doors, Not Create Debt Traps

This law gives tax credits to essential public servants, lowers interest rates for everyone with student loans, rewards those who paid off their loans, and helps first-time homebuyers. It's real relief for working Americans.

🎓 American Education Affordability & Opportunity Act 💰

American Education Affordability & Opportunity Act

120th Congress • Federal Legislation for American Students & Workers