This bill amends the Higher Education Act of 1965 to establish a process for removing federal student loan defaults from a borrower's credit history. Specifically, it mandates that if a borrower obtains a Federal Direct Consolidation Loan that discharges their defaulted loan, the default record must be removed. The Secretary of Education, guaranty agency, or other loan holder is required to request consumer reporting agencies to remove the default from the borrower's credit report. This provision aims to offer a "clean slate" to borrowers who successfully consolidate their defaulted federal student loans, thereby improving their financial standing.