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S 2099 114th Congress Senate

Student Loan Relief Act of 2015

Official title: A bill to provide for the establishment of a mechanism to allow borrowers of Federal student loans to refinance their loans, to amend the Internal Revenue Code… Show full official titleShow less

Official title: A bill to provide for the establishment of a mechanism to allow borrowers of Federal student loans to refinance their loans, to amend the Internal Revenue Code of 1986 to extend the exclusion for employer-provided educational assistance to employer payment of interest on certain refinanced student loans, and for other purposes.

Introduced: September 29, 2015 See on congress.gov
Taxation Employee benefits and pensionsGovernment information and archivesGovernment lending and loan guaranteesIncome tax exclusion
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Interest, dividends, interest ratesStudent aid and college costsUnemployment
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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
Sep 29, 2015
Read twice and referred to the Committee on Finance.
Sep 29, 2015
Introduced in Senate
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 Latest action September 29, 2015

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Student Loan Relief Act of 2015

This bill authorizes the Department of the Treasury to establish a temporary three-year program to facilitate federal student loan refinancing into the private market, at no cost to the federal government, to ensure payment of lower interest rates on student loans. Private lenders under such refinancing program shall be eligible to receive a federal government guarantee of 95% of loans.

Treasury shall, in consultation with the Department of Education, begin a national awareness campaign to alert student loan borrowers about such refinancing program with a disclosure that a private loan that results from such refinancing is not eligible for income driven repayment or loan forgivingness.

The bill amends the Internal Revenue Code to allow an exclusion from gross income for the payment of an employer, either to an employee or a lender, of any indebtedness of an employee under a qualified education refinance loan or any interest relating to such a loan. The term "qualified education refinance loan" means any indebtedness used solely to refinance a qualified education loan with respect to which the lender offers the borrower protection in the event of unemployment or financial hardship.

 Related & companion bills 1
  • HR 4102 Identical bill Student Loan Relief Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Capito, Shelley Moore
West Virginia · Sep 29, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2099: Student Loan Relief Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-2099/
MLA
"S. 2099: Student Loan Relief Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-2099/.
Bluebook (legal)
S. 2099, 114th Cong. (2026), https://openamerica.io/bill/114-S-2099/.
Markdown link
[S. 2099: Student Loan Relief Act of 2015](https://openamerica.io/bill/114-S-2099/)
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