H.R. 4907 · 117th Congress · House

Private Student Loan Bankruptcy Fairness Act of 2019

Active· Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Introduced
Aug 3, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Private Student Loan Bankruptcy Fairness Act of 2019 [sic]

This bill modifies the treatment of certain student loans in bankruptcy.

Specifically it allows private education 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.