arrow_back Back to App

Joint Student Loan Separation: New Options for Married Couples.

This act allows married couples who took out a joint student loan before 2006 to separate it. This means each spouse will only be responsible for their portion of the debt, which can simplify financial management, especially after divorce or in cases of domestic violence.
Key points
Ability to separate joint student loans taken out before June 30, 2006.
Each spouse will receive a separate loan with their own portion of the debt and the same interest rate.
The individual separating the loan will not be responsible for the other spouse's portion of the debt.
Payments previously made on the joint loan will be credited towards the new, separate loan.
Option to apply individually in cases of domestic violence, economic abuse, or difficulty contacting the other spouse.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_2460
Sponsor: Rep. Price, David E. [D-NC-4]
Process start date: 2021-04-13
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Joint Consolidation Loan Separation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2460.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-13.

What are the main provisions?

Key points include:

  • Ability to separate joint student loans taken out before June 30, 2006.
  • Each spouse will receive a separate loan with their own portion of the debt and the same interest rate.
  • The individual separating the loan will not be responsible for the other spouse's portion of the debt.
  • Payments previously made on the joint loan will be credited towards the new, separate loan.
  • Option to apply individually in cases of domestic violence, economic abuse, or difficulty contacting the other spouse.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Price, David E. [D-NC-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Education Family