Joint Consolidation Loan Separation Act
- Last Action
- 5/14/2019
Actions
- 2019-05-14Referred to the House Committee on Education and Labor.
- 2019-05-14Introduced in House
- 2019-05-14Introduced in House
CRS Summary
As of 2019-05-14 (00)
Joint Consolidation Loan Separation Act
This bill allows two borrowers, who had previously received a joint consolidation loan for their student debt under the William D. Ford Federal Direct Loan Program, to submit a joint application to sever their consolidated loan. One borrower may submit a separate application in the event that the individual is experiencing domestic or economic abuse from the other individual borrower, or is unable to reasonably reach or access the loan information of the other borrower.
Cosponsors (3)
- Bradley Byrne (R-AL)
- Haley Stevens (D-MI)
- Salud Carbajal (D-CA)
Subjects
- Consumer credit
- Domestic violence and child abuse
- Higher education
- Marriage and family status
- Student aid and college costs
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.