Administrative State, Regulatory Reform, and Antitrust Subcommittee, Judiciary Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Private Student Loan Bankruptcy Fairness Act of 2017 This bill amends the federal bankruptcy code to allow private education 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.
BankruptcyHigher educationStudent aid and college costs
To amend title 11 of the United States Code to modify the dischargeability of debts for certain educational payments and loans.
USA115th CongressHR-2527| House
| Updated: 5/18/2017
Private Student Loan Bankruptcy Fairness Act of 2017 This bill amends the federal bankruptcy code to allow private education 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.