HR 423
119th Congress
House
Finance and Financial Sector
Private Student Loan Bankruptcy Fairness Act of 2025
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 15, 2025
Referred to the House Committee on the Judiciary.
Jan 15, 2025
Introduced in House
Plain-English summary
Private Student Loan Bankruptcy Fairness Act of 2025
This bill modifies the treatment of certain student loans in bankruptcy.
Specifically, it allows private student loans to be discharged in bankruptcy regardless of whether a debtor demonstrates undue hardship. Under current law, student loans may be discharged in bankruptcy only if the loans impose an undue hardship on the debtor.
What's happening now
Referred to the House Committee on the Judiciary.
Committees of jurisdiction
1