summary
Introduced
04/13/2021
04/13/2021
In Committee
04/13/2021
04/13/2021
Crossed Over
06/17/2022
06/17/2022
Passed
10/11/2022
10/11/2022
Dead
Signed/Enacted/Adopted
10/11/2022
10/11/2022
Introduced Session
117th Congress
Bill Summary
AN ACT To amend the Higher Education Act of 1965 to authorize borrowers to separate joint consolidation loans.
AI Summary
This bill, the Joint Consolidation Loan Separation Act, amends the Higher Education Act of 1965 to authorize borrowers who received a joint consolidation loan as a married couple to apply to the Secretary of Education to receive separate Federal Direct Consolidation Loans. This would allow each individual borrower in the married couple (or previously married couple) to have their own separate consolidation loan, with the amount of each new loan being based on the original loan obligations of the individual borrower. The bill also allows for borrowers who are in default on a joint consolidation loan to be eligible for this separation. The bill outlines the specific requirements and application process for borrowers to receive these separate loans.
Committee Categories
Health and Social Services
Sponsors (4)
Last Action
Became Public Law No: 117-200. (on 10/11/2022)
Official Document
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