HR 423 · 119th Congress — Private Student Loan Bankruptcy Fairness Act of 2025
Private Student Loan Bankruptcy Fairness Act of 2025 This bill modifies the treatment of certain student loans in bankruptcy. Specifically, it allows private student loans to be discharged in bankruptcy regardless of…
- Congress
- 119
- Bill
- HR 423
- Status
- Introduced
- Introduced
- 2025-01-15
- Latest action date
- 2025-01-15
Summary
Private Student Loan Bankruptcy Fairness Act of 2025 This bill modifies the treatment of certain student loans in bankruptcy. Specifically, it allows private student loans to be discharged in bankruptcy regardless of whether a debtor demonstrates undue hardship. Under current law, student loans may be discharged in bankruptcy only if the loans impose an undue hardship on the debtor.
This summary may describe an earlier version. Check the official record for current wording.
Latest action
Referred to the House Committee on the Judiciary.
Sponsors
- Rep. Cohen, Steve [D-TN-9]
Democratic · Tennessee · House District 9 · Democratic