Bill · H.R. 423· House(119-HR-423)
Private Student Loan Bankruptcy Fairness Act of 2025
- Introduced
- 1/15/2025
- Last activity
- 1/15/2025 — Referred to the House Committee on the Judiciary.
- Sponsored by
- Steve Cohen
- Cosponsors
- - 5 - 0
- Introduced
- In Committee
What this bill would do
This bill, titled the ``Private Student Loan Bankruptcy Fairness Act of 2025'', aims to amend title 11 of the United States Code. The primary purpose is to modify how certain educational payments and loans are handled during bankruptcy. It specifically targets the dischargeability of these debts. The changes involve amending section 523(a)(8) of title 11. These amendments apply to bankruptcy cases commenced on or after the date the Act is enacted.
Yes· 3 of 6
Would students be better off under this?+6
The bill specifically addresses the dischargeability of debts related to educational programs.
Does this reduce what student borrowers owe or repay?+6
The bill modifies the bankruptcy code to potentially make certain educational debts more easily dischargeable.
Would people in their twenties and thirties be better off under this?+5
Making educational debts more dischargeable provides financial relief primarily to young adults who often carry student loan debt.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Modified Debt Dischargeability: The bill modifies the exceptions to discharge for certain educational debts under section 523(a)(8). This change applies to any program where substantially all funds are provided by a specific entity, potentially making certain educational debts easier to discharge in bankruptcy. (Section 2)
Potential Negative Impacts for People
- No specific negative impacts are explicitly detailed in the text: The provided text focuses on the mechanics of amending the code regarding debt dischargeability but does not list specific negative consequences or burdens. (Section 2)
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Students+6Good For Low Income Households+5Good For Young Adults+5
- Education And Technology
- Improves Student Loan Relief+6
- Social Issues And Justice
- Improves Poverty Reduction+5
- Governance And Ideology
- Improves Due Process+3
- 5/1/2025
- 1 Cosponsor added.
- 1/15/2025
- Referred to the House Committee on the Judiciary.
- 4 Cosponsors added.
- Introduced in House
Julia BrownleyDemocrat · California
Danny DavisDemocrat · Illinois
Ro KhannaDemocrat · California
Gwen MooreDemocrat · Wisconsin
Eric SwalwellDemocrat · California