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S. 1309 114th Congress Senate

FAIR Student Credit Act of 2015

Official title: A bill to provide for the removal of default information from a borrower's credit report with respect to certain rehabilitated education loans.

Introduced: May 12, 2015 Introduced by: Gary C. Peters Democratic · Michigan See on congress.gov
Finance and Financial Sector Congressional oversightConsumer creditGovernment studies and investigationsHigher educationStudent aid and college costs
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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
May 12, 2015
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 12, 2015
Introduced in Senate
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 Latest action May 12, 2015

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Federal Adjustment in Reporting Student Credit Act of 2015 or the FAIR Student Credit Act of 2015

Amends the Fair Credit Reporting Act to allow a person to request the removal of a previously reported default regarding a qualified education loan from a consumer report if: (1) the lender chooses to offer a loan rehabilitation program that requires a number of consecutive on-time monthly payments equal to the number of payments specified in a default reduction program under the Higher Education Act of 1965, and (2) the consumer of such loan successfully and voluntarily meets the requirements of that loan rehabilitation program.

Permits a consumer to obtain such rehabilitation benefits only once per loan.

Requires the Government Accountability Office to report on any hurdles borrowers experience with the private loan rehabilitation program.

 Related & companion bills 1
  • HR 2363 FAIR Student Credit Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Sullivan, Dan
Alaska · Aug 6, 2015
 R
Capito, Shelley Moore
West Virginia · May 12, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1309: FAIR Student Credit Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-1309/
MLA
"S. 1309: FAIR Student Credit Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-1309/.
Bluebook (legal)
S. 1309, 114th Cong. (2026), https://openamerica.io/bill/114-S-1309/.
Markdown link
[S. 1309: FAIR Student Credit Act of 2015](https://openamerica.io/bill/114-S-1309/)
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