H.R. 9974

119 HR 9974 IH: Young Farmer Success Act
 U.S. House of Representatives
 2026-07-27
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 I  119th CONGRESS  2d Session  H. R. 9974  IN THE HOUSE OF REPRESENTATIVES   July 27, 2026   Mr. Thompson of Pennsylvania  (for himself,  Mr. Courtney ,  Ms. De La Cruz , and  Ms. Budzinski ) introduced the following bill; which was referred to the  Committee on Education and Workforce    A BILL
To amend the Higher Education Act of 1965 to include certain individuals who work on farms or ranches as individuals who are employed in public service jobs for purposes of eligibility for loan forgiveness under the Federal Direct Loan program.
1.
Short title
This Act may be cited as the   Young Farmer Success Act  .
2.
Eligibility of certain farm and ranch workers for student loan forgiveness
(a)
Eligibility
Section 455(m)(3)(B) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(m)(3)(B) ) is amended—
(1)
in clause (i), by striking  or  at the end;
(2)
in clause (ii), by striking the period at the end and inserting  ; or ; and
(3)
by adding at the end the following:
(iii)
a full-time job engaged in farm work as an employee or manager of a qualified farm or ranch.
 .
(b)
Definition
Section 455(m)(3) of such Act ( 20 U.S.C. 1087e(m)(3) ) is amended by adding at the end the following:
(C)
Qualified farm or ranch
The term  qualified farm or ranch  means, with respect to a year, a farm or ranch whose earnings of gross revenue during the year from the sale of agricultural products are equal to or greater than—
(i)
in the case of 2026, $35,000; or
(ii)
in the case of any succeeding year, the amount applicable under this subparagraph for the previous year increased by the estimated percentage change in the Consumer Price Index (as determined by the Secretary, using the definition in section 478(f)) for the most recent year preceding such year.
 .