Summary: H.R.8514 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.8514. Bill summaries are authored by CRS.

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Introduced in House (10/02/2020)

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.