Senator Banks Introduces the No Loan Forgiveness for Terrorists ActWednesday, May 21, 2025

WASHINGTON, D.C. –Today, Senator Jim Banks (R-Ind.) introduced theNo Loan Forgiveness for Terrorists Act. This bill prevents students from receiving credit for Public Service Loan Forgiveness (PSLF) while working at organizations that engage in illegal activities. The legislation works to codify an executive order from President Trump that would end taxpayer-funded student loan forgiveness for students that participate in illegal, anti-American behavior.
Senator Jim Banks (R-Ind.):“Taxpayers shouldn’t be forced to pay student loans for radicals who aid terrorists, mutilate children, or promote illegal immigration. This bill codifies President Trump’s order to stop subsidizing anti-American extremism.”
Senator Tommy Tuberville (R-Ala.) is an original cosponsor.
Key Provisions of theNo Loan Forgiveness for Terrorists Actare:
Preventing students from receiving credit through the Public Service Loan Forgiveness (PSLF) program while working at organizations that engage in the following activities:
Full bill text can be foundhere.
Background:
The bill codifies President Trump’sexecutive orderonRestoring Public Service Loan Forgiveness,which was signed on March 7th, 2025.
Read more about theNo Loan Forgiveness for Terrorists Acthere.