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Private Student Loan Bankruptcy Fairness Act of 2025
To amend title 11 of the United States Code to modify the dischargeability of debts for certain educational payments and loans.
Summary
This bill modifies bankruptcy law to allow private student loans to be discharged in bankruptcy, while keeping the prohibition on discharging federal and state educational loans. Under current law, most student loans cannot be eliminated through bankruptcy proceedings. The change applies only to bankruptcy cases filed after the bill's enactment date.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Cohen, Steve [D-TN-9] (D-TN)
5 cosponsors
- Rep. Brownley, Julia [D-CA-26] (D-CA)
- Rep. Davis, Danny K. [D-IL-7] (D-IL)
- Rep. Khanna, Ro [D-CA-17] (D-CA)
- Rep. Moore, Gwen [D-WI-4] (D-WI)
- Rep. Swalwell, Eric [D-CA-14] (D-CA)
Actions (2)
- Jan 15, 2025 Referred to the House Committee on the Judiciary. · house
- Jan 15, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
January 15, 2025
Mr. Cohen (for himself, Mr. Davis of Illinois, Mr. Swalwell, Ms. Moore of Wisconsin, and Ms. Brownley) introduced the following bill; which was referred to the Committee on the Judiciary
A BILL
To amend title 11 of the United States Code to modify the dischargeability of debts for certain educational payments and loans.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Private Student Loan Bankruptcy Fairness Act of 2025”.
SEC. 2. EXCEPTIONS TO DISCHARGE.
Section 523(a)(8) of title 11, United States Code, is amended—
(1) by striking subparagraph (B); and
(2) in subparagraph (A)—
(A) in clause (i)—
(i) by striking “(i)”; and
(ii) by inserting “any program for which substantially all of the funds are provided by a” after “unit or”; and
(B) in clause (ii)—
(i) by striking “(ii)” and inserting
“(B)”; and
(ii) by striking “or” at the end.
SEC. 3. EFFECTIVE DATE; APPLICATION OF AMENDMENTS.
(a) Effective Date.—Except as provided in subsection (b), this Act and the amendments made by this Act shall take effect on the date of the enactment of this Act.
(b) Application of Amendments.—The amendments made by this Act shall apply only with respect to cases commenced under title 11 of the United States Code on or after the date of the enactment of this Act. <all>
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