American Education Affordability & Opportunity Act
Relief for student loan borrowers. Tax help for teachers and first responders. Rewards for people who paid off their loans.
🎓 What Does This Bill Do?
Student loans are crushing Americans—$1.7 TRILLION in debt! This bill helps three groups: (1) People stuck with high-interest PRIVATE loans, (2) Teachers, nurses, firefighters, and other heroes who serve the public, and (3) People who worked hard and paid off their loans (yes, they get rewards too!).
🚨 The Student Debt Crisis
loan debt
(no forgiveness!)
on some private loans
🏛️ Three Big Solutions
Private Loan Rescue
Buy private loans from lenders, refinance at LOW rates (max 5%). Finally give private borrowers income-based options!
Public Servant Tax Credit
Teachers, nurses, firefighters, social workers—up to $5,000 tax credit. 25% forgiveness after 5 years!
Repayment Rewards
Already paid off your loans? Get a $2,000 tax credit AND up to $7,500 for a home down payment!
🔓 Private Loan Resolution Facility
Private student loans are a trap—high rates, no income-based options, no forgiveness. This bill changes that.
$25 Billion Fund
To buy private loans from lenders
Max 5% Rate
Refinanced at much lower rates
Income-Based Plans
Finally! Options based on what you earn
100% Voluntary
Both lenders and borrowers choose
🦸 Tax Credit for Essential Public Servants
The people who keep our communities running deserve help with THEIR student loans too.
📜 Better Public Service Loan Forgiveness
Current PSLF makes you wait 10 years. This bill adds partial forgiveness at 5 years!
60 payments
120 payments
Maximum forgiveness: $100,000 per borrower
🏆 Rewards for Responsible Borrowers
Paid off your loans the hard way? You deserve recognition—not resentment!
Student Loan Integrity Credit
One-time tax credit = 15% of what you repaid. Paid off $13,000+? Get the full $2,000!
Down Payment Assistance
5-year forgivable loan toward your first home. Made 36 on-time payments? You qualify!
📊 PLUS Loan Reforms
PLUS loans let people borrow WAY too much. New limits protect families from crushing debt.
Graduate PLUS
$100,000 total max
Parent PLUS
$50,000 total max per student
Estimated Savings
Over 10 years in defaults avoided
📈 Two-Tier Benefit System
This bill works on its own (Tier 1). But if the Worker Asset Recognition Act passes, benefits get BIGGER (Tier 2)!
Tier 1 (Standalone)
- 💰 $25B private loan fund
- 🎓 $5,000/year tax credit
- 🏆 $2,000 integrity credit
- 🏠 $7,500 down payment help
- 📜 $100K PSLF cap
Tier 2 (With WARA)
- 💰 $125B private loan fund
- 🎓 $15,000/year tax credit
- 🏆 $5,000 integrity credit
- 🏠 $15,000 down payment help
- 📜 $150K PSLF cap
💰 How It's Paid For: $140 Billion Over 10 Years
Deficit neutral! Revenue comes from those who benefit most from the current system.
Hard spending cap: $14 billion per year • Automatic cuts if revenue falls short
🛡️ Built-In Protections
100% Voluntary
Lenders and borrowers choose to participate. No one is forced.
States Protected
No mandates on states. Stronger state laws still apply.
Privacy Protected
Minimum data collected. Deleted after 7 years.
10-Year Sunset
Program ends unless Congress renews it.
Simple Paperwork
5 pages max for individuals.
Religious Freedom
Faith-based schools and students fully protected.
🎓 Education Should Open Doors, Not Lock Them
Student debt shouldn't follow you for life. Teachers shouldn't choose between loans and groceries. And people who paid their debts deserve a thank-you, not a lecture. This bill helps everyone—borrowers in trouble, public servants who sacrifice, and responsible repayers alike. That's showing your work.
Gregory Burgess for Congress
No Party Preference • California's 2nd Congressional District
"Show Your Work" Campaign