HOUSE 2498117th CongressReferred 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 2021

Last Action: 4/14/2021

Actions

2021-04-14Referred 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.
2021-04-14Referred 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.
2021-04-14Introduced in House
2021-04-14Introduced in House

CRS Summary

As of 2021-04-14 (00)

Private Loan Disability Discharge Act of 2021

This bill directs the holder of a private education loan to discharge the loan in the event of the borrower's death or total and permanent disability. The obligation of a cosigner for a private education loan is also discharged 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.

Subjects

Consumer credit
Debt collection
Disability and paralysis
Higher education
Income tax exclusion
Student aid and college costs

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