Private Student Loan Bankruptcy Fairness Act of 2023 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.
Private Student Loan Bankruptcy Fairness Act of 2019
Introduced in House
Referred to the House Committee on the Judiciary.
Finance and Financial Sector
BankruptcyHigher educationStudent aid and college costs
Private Student Loan Bankruptcy Fairness Act of 2023
USA118th CongressHR-138| House
| Updated: 1/9/2023
Private Student Loan Bankruptcy Fairness Act of 2023 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.