Joint Consolidation Loan Separation Act
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Sep 21, 2022 | House · vote #448 | On Passage | Passed | 232–193 | See who voted → |
| Sep 21, 2022 | House · vote #447 | On Motion to Commit | Failed | 202–228 | See who voted → |
Joint Consolidation Loan Separation Act
This act 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 has experienced domestic or economic abuse from the other individual borrower or is unable to reasonably reach or access the loan information of the other borrower. In the case of a borrower who receives a separate consolidation loan due to those circumstances, the other individual borrower must become solely liable for the remaining balance of the joint consolidation loan.
Became Public Law No: 117-200.