Summary: H.R.885 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.885. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/30/2019)

Private Student Loan Bankruptcy Fairness Act of 2019

This bill modifies the treatment of certain student loans in bankruptcy.

Specifically it allows private education loans to be discharged in bankruptcy regardless of whether a debtor demonstrates undue hardship. Under current law, student loans may be discharged in bankruptcy only if the loans impose an undue hardship on the debtor.