Fairness for Struggling Students Act of 2017 This bill amends federal bankruptcy law to make privately issued student loans dischargeable in bankruptcy. Under current law, student loans (whether issued privately or by a governmental unit) are dischargeable only if excepting the loans from dischargeability would impose undue hardship on the debtor and the debtor's dependents.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure: CR S3217-3218; text of measure as introduced: CR S3217)
Introduced in Senate
Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure: CR S3217-3218; text of measure as introduced: CR S3217)
Finance and Financial Sector
BankruptcyHigher educationStudent aid and college costs
A bill to amend title 11, United States Code, with respect to certain exceptions to discharge in bankruptcy.
USA115th CongressS-1262| Senate
| Updated: 5/25/2017
Fairness for Struggling Students Act of 2017 This bill amends federal bankruptcy law to make privately issued student loans dischargeable in bankruptcy. Under current law, student loans (whether issued privately or by a governmental unit) are dischargeable only if excepting the loans from dischargeability would impose undue hardship on the debtor and the debtor's dependents.
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure: CR S3217-3218; text of measure as introduced: CR S3217)
Introduced in Senate
Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure: CR S3217-3218; text of measure as introduced: CR S3217)