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S. 1262

Fairness for Struggling Students Act of 2017

Fairness for Struggling Students Act of 2017

This bill amends federal bankruptcy law to make privately issued student loans dischargeable in bankruptcy. Under current law, student loans (whether issued privately or by a governmental unit) are dischargeable only if excepting the loans from dischargeability would impose undue hardship on the debtor and the debtor's dependents.

Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure: CR S3217-3218; text of measure as introduced: CR S3217)

Sen. Durbin, Richard J. [D-IL](D-IL)Sponsor
12 cosponsors12 D
12cosponsors1committees2actions3subjects
  1. IntroReferral

    Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure: CR S3217-3218; text of measure as introduced: CR S3217)

    Judiciary Committee
  2. IntroReferral10000

    Introduced in Senate

Fairness for Struggling Students Act of 2017 — Informed