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Student Loan Relief Act

USA116th CongressHR-8514| House 
| Updated: 10/2/2020
Vicente Gonzalez

Vicente Gonzalez

Democratic Representative

Texas

Ways and Means Committee, Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Student Loan Relief Act This bill requires the Department of Education to cancel or repay up to $25,000 in outstanding student loan debt for each borrower. Further, the bill outlines the method of loan discharge and, for tax purposes, excludes loan cancellation or repayment from a borrower's gross income.
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Timeline
Oct 2, 2020
Introduced in House
Oct 2, 2020
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • October 2, 2020
    Introduced in House
  • October 2, 2020
    Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Education

Government lending and loan guaranteesHigher educationIncome tax exclusionInterest, dividends, interest ratesStudent aid and college costs

Student Loan Relief Act

USA116th CongressHR-8514| House 
| Updated: 10/2/2020
Student Loan Relief Act This bill requires the Department of Education to cancel or repay up to $25,000 in outstanding student loan debt for each borrower. Further, the bill outlines the method of loan discharge and, for tax purposes, excludes loan cancellation or repayment from a borrower's gross income.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 2, 2020
Introduced in House
Oct 2, 2020
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • October 2, 2020
    Introduced in House
  • October 2, 2020
    Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Vicente Gonzalez

Vicente Gonzalez

Democratic Representative

Texas

Ways and Means Committee, Education and Workforce Committee

Education

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government lending and loan guaranteesHigher educationIncome tax exclusionInterest, dividends, interest ratesStudent aid and college costs