H.R. 2028 · 112th Congress
Private Student Loan Bankruptcy Fairness Act of 2011
- Stage
- In committee
- Sponsor
- Steve Cohen
- Introduced
- 2011-05-26
- Latest action
- 2011-07-11 · Referred to the Subcommittee on Courts, Commercial and Administrative Law.
Summary
Private Student Loan Bankruptcy Fairness Act of 2011 - Amends the federal bankruptcy code to limit the non-dischargeability, except in cases of undue hardship, of educational loans to those made, insured, or guaranteed by a governmental unit, or made under any program funded by a governmental unit or any program for which substantially all of the funds are provided by a nonprofit institution (thus allowing the discharge of private educational loan indebtedness without the need to show an undue hardship).