To provide for the discharge of a private education loan in the case of death or total and permanent disability of a student obligor, and for other purposes.
About This Bill
Committee
Latest Action · July 20, 2023
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Private Loan Disability Discharge Act of 2023
This bill directs the holder of a private education loan to discharge the loan balance for both the borrower and any cosigner in the event of total and permanent disability of the borrower. The bill also extends indefinitely the exclusion of student loan debt discharge from gross income for federal income tax purposes.
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