summary
Introduced
07/13/2023
07/13/2023
In Committee
07/13/2023
07/13/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Higher Education Act of 1965 to remove the record of default on a loan made, insured, or guaranteed under title IV from a borrower’s credit history upon repayment of the full amount due on such loan.
AI Summary
This bill, the Clean Slate through Repayment Act of 2023, amends the Higher Education Act of 1965 to remove the record of default on a federal student loan from a borrower's credit history once the full amount due on the loan has been repaid. This provision aims to provide borrowers with a "clean slate" by eliminating the negative impact of a student loan default on their credit profile after they have successfully repaid the debt in full.
Committee Categories
Education
Sponsors (9)
Deborah Ross (D)*,
Alma Adams (D),
Madeleine Dean (D),
Hank Johnson (D),
Jenn McClellan (D),
Eleanor Holmes Norton (D),
Katie Porter (D),
Haley Stevens (D),
Nikema Williams (D),
Last Action
Referred to the House Committee on Education and the Workforce. (on 07/13/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/4635/all-info |
| BillText | https://www.congress.gov/118/bills/hr4635/BILLS-118hr4635ih.pdf |
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