HR 423 · 119th Congress · Finance and Financial Sector
Private Student Loan Bankruptcy Fairness Act of 2025
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on the Judiciary.(2025-01-15)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (5)
5 Democrats