Kentucky legislation · 2026 Regular Session
Kentucky HB924: AN ACT relating to the Public Service Student Loan Forgiveness Program, making an appropriation therefor, and declaring an emergency.
Status: In committee, March 11, 2026
Create a new section of KRS Chapter 164 to establish the Kentucky Public Service Student Loan Forgiveness Program fund; require the Kentucky Higher Education Assistance Authority to administer the fund; require the authority to disburse funds for student loan repayment to recruit and retain eligible public service employees that live and work in Kentucky; specify terms and process; establish criteria for the program and applicant evaluation for awards; appropriate $30,000,000 from the budget reserve trust fund account for initial implementation of the student loan forgiveness program; appropriate $30,000,000 from the general fund for support of the student loan forgiveness program; APPROPRIATION; EMERGENCY, EFFECTIVE July 1, 2026.
What the bill says
An act relating to the Public Service Student Loan Forgiveness Program, making an appropriation therefor, and declaring an emergency.
From the introduced text:
AN ACT relating to the Public Service Student Loan Forgiveness Program, making an appropriation therefor, and declaring an emergency. Be it enacted by the General Assembly of the Commonwealth of Kentucky: SECTION 1. A NEW SECTION OF KRS CHAPTER 164 IS CREATED TO READ AS FOLLOWS: (1) The General Assembly hereby establishes the Kentucky Public Service Student Loan Forgiveness Program to encourage and assist individuals in pursuing or remaining in public service professions. (2) As used in this (b) "Eligible student loan" means a federally guaranteed student loan under the Federal Family Education Loan Program or Federal Direct Loan Program; (c) "Public service" means employment with the Commonwealth of Kentucky, any county, city, political subdivision, or department, board, agency, commission or authority thereof, a public school district, public university, or any qualifying nonprofit organization that is exempt from taxation under 26 U. S. C. sec. 501(c)(3) providing direct public services; and (d) "Program agreement" means a contract entered into between the authority and an eligible applicant for purposes of this section. (3) (a) There is hereby established a Kentucky Public Service Student Loan Forgiveness Program fund in the State Treasury for the purpose of providing assistance in the repayment of eligible student loans to individuals employed in a public service profession serving the citizens of Kentucky. (b) The fund shall …
Sponsors
- Joshua Watkins (D, HD-042) · primary sponsor
- Tina Bojanowski (D, HD-032)
- George Brown (D, HD-077)
- Anne Donworth (D, HD-076)
- Mary Marzian (D, HD-041)
- Lisa Willner (D, HD-035)
Latest actions
- : to Appropriations & Revenue (H)
- : to Committee on Committees (H)
- : introduced in House
Subjects: State Agencies, Education, Higher, Reports Mandated, Effective Dates, Emergency, Appropriations, State Employees, Budget And Financial Administration, Education, Finance
Common questions
- What is HB924?
- HB924 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to the Public Service Student Loan Forgiveness Program, making an appropriation therefor, and declaring an emergency.
- What does HB924 do?
- In its own words: An act relating to the Public Service Student Loan Forgiveness Program, making an appropriation therefor, and declaring an emergency.
- What is the status of HB924?
- In committee as of March 11, 2026. Latest action: to Appropriations & Revenue (H) (March 11, 2026).
- Who sponsored HB924?
- Joshua Watkins (D, HD-042), with 5 co-sponsors.
- Where is the official record for HB924?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/hb924.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.