H.R. 3451 · 114th Congress
Student Loan Bankruptcy Parity Act of 2015
- Stage
- In committee
- Sponsor
- Daniel Kildee
- Introduced
- 2015-09-08
- Latest action
- 2015-09-28 · Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Summary
Student Loan Bankruptcy Parity Act of 2015
This bill amends the federal bankruptcy code to eliminate the provision that makes certain education debts non-dischargeable in bankruptcy unless repayment imposes an undue hardship.
Specifically it permits a borrower to discharge in bankruptcy a nonprofit, government, or private student loan, or an obligation to repay an educational benefit, scholarship, or stipend.