H.R. 1674 · 114th Congress
Private Student Loan Bankruptcy Fairness Act of 2015
- Stage
- In committee
- Sponsor
- Steve Cohen
- Introduced
- 2015-03-26
- Latest action
- 2015-04-29 · Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Summary
Private Student Loan Bankruptcy Fairness Act of 2015 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).