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Student Loan Relief Act: Up to $25,000 Forgiveness

This act aims to cancel or repay up to $25,000 in federal student loans for each borrower. This means individuals with such loans could see a reduction in their debt, impacting their personal finances. The forgiven amounts will not be counted as taxable income.
Key points
Cancellation or repayment of up to $25,000 in federal student loans per borrower.
Amounts forgiven from student loans will not be taxed as income.
Forgiveness will be applied first to loans with the highest interest rate, then to those with the highest principal balance.
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Expired
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Additional Information
Print number: 117_HR_6708
Sponsor: Rep. Gonzalez, Vicente [D-TX-15]
Process start date: 2022-02-11
Lustra uses Artificial Intelligence. Verify details in source documents.
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_6708.

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 2022-02-11.

What are the main provisions?

Key points include:

  • Cancellation or repayment of up to $25,000 in federal student loans per borrower.
  • Amounts forgiven from student loans will not be taxed as income.
  • Forgiveness will be applied first to loans with the highest interest rate, then to those with the highest principal balance.
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. Gonzalez, Vicente [D-TX-15].

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.

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