1. Short title This Act may be cited as the Student Loan Relief for Medicare and Social Security Recipients Act of 2023 . 2. Federal student loan forgiveness for borrowers enrolled in Medicare (a) Forgiveness required Notwithstanding any other provision of law, the Secretary of Education shall forgive the outstanding balance of principal, interest, and fees due on the eligible Federal student loans of borrowers who meet the requirements of subsection (b). (b) Eligibility A borrower is eligible to receive forgiveness under this section if, at the time of application for forgiveness, such borrower is— (1) enrolled for benefits under part A of title XVIII of the Social Security Act ( 42 U.S.C. 1395c et seq. ); or (2) in the 24-month waiting period for such benefits as described under section 226(b) of the Social Security Act ( 42 U.S.C. 426(b) ). (c) Application A borrower seeking forgiveness under this section shall submit to the Secretary of Education an application at such time, in such manner, and containing such information as the Secretary may require. (d) Method of loan forgiveness As soon as practicable after the Secretary of Education confirms that an applicant meets the requirements of subsection (b), the Secretary of Education shall— (1) for each eligible Federal student loan of the borrower that is held by the Department of Education, cancel the outstanding balance of principal, interest, and fees due on the loan; and (2) for each eligible Federal student loan of the borrower that is not held by the Department of Education— (A) through the holder of a loan, assume the obligation to repay the outstanding balance of principal, interest, and fees due on the loan