H.R. 8514 · 116th Congress
Student Loan Relief Act
- Stage
- In committee
- Sponsor
- Vicente Gonzalez
- Introduced
- 2020-10-02
- Latest action
- 2020-10-02 · Introduced in House
Summary
Student Loan Relief Act
This bill requires the Department of Education to cancel or repay up to $25,000 in outstanding student loan debt for each borrower. Further, the bill outlines the method of loan discharge and, for tax purposes, excludes loan cancellation or repayment from a borrower's gross income.