The Clean Slate through Repayment Act of 2026 would allow federal student loan borrowers to clear default records from their credit history once they fully repay their loans. Currently, even after repaying a defaulted federal student loan, the default remains on a borrower's credit report indefinitely, harming their creditworthiness and ability to access future credit. Under this bill, loan servicers and guaranty agencies would be required to request that credit reporting agencies remove the default and related negative information from borrowers' credit histories upon full repayment. The legislation applies to all federal student loans made, insured, or guaranteed under Title IV of the Higher Education Act. This change would primarily benefit borrowers who have experienced financial hardship and defaulted on their loans but have since recovered financially enough to repay them in full.
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