To amend the Higher Education Act of 1965 to require the removal of the record of default from credit history upon obtaining a Federal Direct Consolidation Loan that discharges the defaulted loan.
About This Bill
Committee
Latest Action · March 8, 2022
Referred to the House Committee on Education and Labor.
Clean Slate through Consolidation Act
This bill provides for the removal of any adverse credit history related to a defaulted federal student loan from a borrower's credit history once the borrower has obtained a Federal Direct Consolidation Loan discharging the borrower's liability on the defaulted loan.
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