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Clean credit slate after student loan consolidation

This bill aims to help individuals who have defaulted on federal student loans. If such a person consolidates their debt into a new federal loan, the record of their previous default will be removed from their credit history. This can improve citizens' access to credit and their financial standing.
Key points
Removal of negative student loan default records from credit history upon consolidation.
Improved creditworthiness for individuals who resolve their federal student loan defaults through consolidation.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_7000
Sponsor: Rep. Stevens, Haley M. [D-MI-11]
Process start date: 2022-03-08
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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

Clean Slate through Consolidation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7000.

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 2022-03-08.

What are the main provisions?

Key points include:

  • Removal of negative student loan default records from credit history upon consolidation.
  • Improved creditworthiness for individuals who resolve their federal student loan defaults through consolidation.
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. Stevens, Haley M. [D-MI-11].

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 2025-12-28.

CATEGORIES

Education Economy