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HR 2460 117th Congress House Education Consumer credit Domestic violence and child abuse Government lending and loan guarantees Higher education Marriage and family status Student aid and college costs

Joint Consolidation Loan Separation Act

Introduced: April 13, 2021 See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 13, 2021
Referred to the House Committee on Education and Labor.
Apr 13, 2021
Introduced in House
 Plain-English summary Congressional Research Service

Joint Consolidation Loan Separation Act

This bill allows two borrowers, who had previously received a joint consolidation loan for their federal student loan debt, to submit a joint application to the Department of Education to sever their consolidated loan into two separate loans. One borrower may submit a separate application in the event that the individual is experiencing domestic or economic abuse from the other individual borrower or is unable to reasonably reach or access the loan information of the other borrower.

What's happening now April 13, 2021

Referred to the House Committee on Education and Labor.

 Committees of jurisdiction 1