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HR 9974
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Young Farmer Success Act

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.

Introduced Jul 27, 2026

Latest action (Jul 27, 2026) Referred to the House Committee on Education and Workforce.

Issues
Education

Summary

  • Amends the Public Service Loan Forgiveness program to make farm and ranch workers eligible for student loan forgiveness.
  • Defines eligible workers as those employed full-time as employees or managers of qualified farms or ranches.
  • Establishes a minimum annual gross revenue threshold for farms and ranches to qualify ($35,000 in 2026).
  • Provides for annual adjustment of the revenue threshold based on the Consumer Price Index for inflation.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)

Money behind the sponsor

Top reported contributors to Glenn Thompson’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • NULL $136,590
  • EMPRESAS FONALLEDAS $14,900
  • SNYDER ASSOCIATED COMPANIES $12,500
  • COINBASE $12,400
  • TOM JAMES COMPANY $11,000

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Glenn Thompson → · Outside spending →

Actions (2)

  1. Jul 27, 2026 Referred to the House Committee on Education and Workforce. · house
  2. Jul 27, 2026 Introduced in House

Text versions (1)

  • Introduced in House · Jul 27, 2026

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Young Farmer Success Act”.

SEC. 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.”. <all>

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