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H.R. 423 · 119th Congress

Private Student Loan Bankruptcy Fairness Act of 2025

Introduced / in committeeEconomy

Details

Sponsor
Steve Cohen (D)
Introduced
2025-01-15
Origin
House
Policy area
Finance and Financial Sector
Latest action
2025-01-15 — Referred to the House Committee on the Judiciary.
Cosponsors
5

congress.gov

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.

CRS summary — Introduced in House (2025-01-15)