S. 729 · 114th Congress
Fairness for Struggling Students Act of 2015
- Stage
- In committee
- Sponsor
- Richard Durbin
- Introduced
- 2015-03-12
- Latest action
- 2015-03-12 · Introduced in Senate
Summary
Fairness for Struggling Students Act of 2015
This bill 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.