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Student Loan Forgiveness Up to $50,000 and Payment Pause

This act aims to discharge up to $50,000 of federal student loan debt for each borrower. Additionally, for 12 months from the act's enactment, loan payments will be paused, and interest will not accrue. This provides financial relief to millions of Americans, reducing their loan burdens and protecting them from collection actions.
Key points
Discharge of up to $50,000 in federal student loan debt per borrower, regardless of repayment status.
Automatic administrative forbearance for 12 months, pausing payments and stopping interest accrual.
Prohibition on wage garnishment and other collection actions for 12 months.
Removal of default records from credit history for discharged loans that were previously in default.
Discharged loan amounts are excluded from taxable income.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_4797
Sponsor: Rep. Carter, Troy [D-LA-2]
Process start date: 2021-07-29
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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

Student Loan Relief Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4797.

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 2021-07-29.

What are the main provisions?

Key points include:

  • Discharge of up to $50,000 in federal student loan debt per borrower, regardless of repayment status.
  • Automatic administrative forbearance for 12 months, pausing payments and stopping interest accrual.
  • Prohibition on wage garnishment and other collection actions for 12 months.
  • Removal of default records from credit history for discharged loans that were previously in default.
  • Discharged loan amounts are excluded from taxable income.
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. Carter, Troy [D-LA-2].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Education Benefits Taxes