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HR 7625 116th Congress House Finance and Financial Sector Bankruptcy Consumer credit Higher education Student aid and college costs

Ryan Frascone Memorial Student Loan Relief Act of 2020

Introduced: July 16, 2020 Introduced by: Craig, Angie Democratic · Minnesota See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Jul 16, 2020
Referred to the House Committee on Financial Services.
Jul 16, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

Ryan Frascone Memorial Student Loan Relief Act of 2020

This bill retroactively applies certain borrower protections related to cosigners of private student loans. Specifically, all private student loan agreements must (1) prohibit a creditor from declaring a default or accelerating the debt of a private student loan on the sole basis of the death or bankruptcy of a cosigner to such a loan, and (2) require loan holders to release cosigners from any obligation upon the death of the student borrower. Under current law, these protections apply only to private student loan agreements entered into on or after November 20, 2018.


What's happening now July 16, 2020

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 7625: Ryan Frascone Memorial Student Loan Relief Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7625/
MLA
"H.R. 7625: Ryan Frascone Memorial Student Loan Relief Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7625/.
Bluebook (legal)
H.R. 7625, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7625/.
Markdown link
[H.R. 7625: Ryan Frascone Memorial Student Loan Relief Act of 2020](https://openamerica.io/bill/116-HR-7625/)
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