This bill proposes an amendment to the Higher Education Act of 1965, specifically targeting federal student loans. Its primary purpose is to ensure that a record of default on a federal student loan is removed from a borrower's credit history. This removal is triggered when the borrower has fully repaid the entire amount due on the defaulted loan. Upon full repayment, the Secretary of Education, the relevant guaranty agency, or the loan holder is required to request that consumer reporting agencies delete the default and any associated negative information from the borrower's credit report. This measure aims to improve the credit standing of individuals who have resolved their defaulted federal student loan obligations.