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HR 6446 114th Congress House

Student Borrower HELP Act of 2016

Official title: To amend the Truth in Lending Act to provide private education loan forgiveness for certain borrowers, to require disclosures related to private education loan default rates, and for other purposes.

Introduced: December 6, 2016 Introduced by: Pallone, Frank Democratic · New Jersey See on congress.gov
Finance and Financial Sector
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 6, 2016
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 6, 2016
Introduced in House
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 Latest action December 6, 2016

Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Plain-English summary Congressional Research Service

Student Borrower Higher Education Lending Protection Act of 2016 or the Student Borrower HELP Act of 2016

This bill amends the Truth in Lending Act to provide to student borrowers of private education loans: (1) loan payment deferments without interest accruing during any period in which the student borrower is temporarily disabled, and (2) loan discharges if a student borrower dies or becomes totally or permanently disabled.

If a student borrower dies or becomes totally or permanently disabled, the student borrower, any cosigner on the loan, or the estate of either the student borrower or the cosigner shall not be obligated to make any additional loan payments.

The Internal Revenue Code is amended to exclude from an individual's gross income (which would otherwise include cancellation of debt as income) amounts based on the discharge of a student loan under this bill. An individual is therefore not subject to tax liability for the discharge of student loan debt under this bill.

Private educational lenders must disclose to borrowers the number of private education loans they offer and the number and rate of defaults on such loans.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3
D
Cohen, Steve
Tennessee · Dec 6, 2016
 D
Moore, Gwen
Wisconsin · Dec 6, 2016
 D
Watson Coleman, Bonnie
New Jersey · Dec 6, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6446: Student Borrower HELP Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-6446/
MLA
"H.R. 6446: Student Borrower HELP Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-6446/.
Bluebook (legal)
H.R. 6446, 114th Cong. (2026), https://openamerica.io/bill/114-HR-6446/.
Markdown link
[H.R. 6446: Student Borrower HELP Act of 2016](https://openamerica.io/bill/114-HR-6446/)
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