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Student Debt Relief Scams: Technical Corrections and Data Access Rules

This act makes technical corrections to existing laws concerning student debt relief scams. It aims to clarify and regulate how authorized organizations can access student data to provide assistance, while also protecting students from fraudulent practices. These changes may impact how students and parents seek help with their student loan debt.
Key points
Sets a deadline for the Secretary to issue guidance on criminal penalties for student debt relief scams.
Clarifies which organizations (including attorneys, government agencies, non-profits, and certain for-profit entities) can access student data for counseling services.
Requires for-profit organizations providing student loan counseling to offer services free of charge to students and be approved by the Secretary.
Grants the Secretary discretion in approving and terminating third-party data access.
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Additional Information
Print number: 117_HR_4106
Sponsor: Rep. Stevens, Haley M. [D-MI-11]
Process start date: 2021-06-23