HR 5899
To amend title 11 of the United States Code to make debts for student loans dischargeable.
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill aims to allow student loan debts – including those from nonprofit, government, and private lenders, as well as educational benefits – to be discharged in bankruptcy. Currently, student loans have specific protections that make them difficult to erase through bankruptcy. This legislation seeks to remove those protections, making student loan debt more manageable for borrowers facing financial hardship. The changes would apply only to new debts incurred after the bill’s enactment.
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