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Relief for Deceased Students' Families: Private Education Loan Forgiveness

This act aims to ease financial burdens for families where a student with a private education loan has passed away. It allows for the forgiveness of such loans, protecting co-signers from repayment obligations. The program is designed to assist those who suffered financial harm due to previous regulatory changes.
Key points
Forgiveness of private education loans for deceased students if a co-signer exists.
Treasury program to purchase and retire loans originated before 180 days after the Economic Growth Act's enactment.
Assistance for loan holders who experienced financial injury due to Truth in Lending Act amendments.
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Expired
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Additional Information
Print number: 117_HR_3092
Sponsor: Rep. Craig, Angie [D-MN-2]
Process start date: 2021-05-11
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Ryan Frascone Memorial Student Loan Relief Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3092.

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 2021-05-11.

What are the main provisions?

Key points include:

  • Forgiveness of private education loans for deceased students if a co-signer exists.
  • Treasury program to purchase and retire loans originated before 180 days after the Economic Growth Act's enactment.
  • Assistance for loan holders who experienced financial injury due to Truth in Lending Act amendments.
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. Craig, Angie [D-MN-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

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

CATEGORIES

Education Benefits Economy