S. 1102 · 112th Congress
Fairness for Struggling Students Act of 2011
- Stage
- In committee
- Sponsor
- Richard Durbin
- Introduced
- 2011-05-26
- Latest action
- 2012-03-20 · Committee on the Judiciary Senate Subcommittee on Administrative Oversight and the Courts. Hearings held. With printed Hearing: S.Hrg. 112-899.
Summary
Fairness for Struggling Students Act of 2011
Amends federal bankruptcy law to make privately issued student loans dischargeable in bankruptcy. Under current law, student loans (whether issued privately or by a governmental unit) are dischargeable only if excepting the loans from dischargeability would impose undue hardship on the debtor and the debtor's dependents.