Private Student Loan Bankruptcy Fairness Act of 2025
119-HR-423119th CongressIntroduced Jan 15, 2025Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the House Committee on the Judiciary.
Sponsor
Rep. Cohen, Steve [D-TN-9](D-TN-9)5 cosponsors
Summary
Private Student Loan Bankruptcy Fairness Act of 2025
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.
Actions (3)
Referred to the House Committee on the Judiciary.
Jan 15, 2025House floor actions
Introduced in House
Jan 15, 2025Library of Congress
Introduced in House
Jan 15, 2025Library of Congress