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Limiting Student Loan Payment Pauses and Debt Cancellation

This act aims to restrict the government's ability to pause federal student loan payments and cancel student debt. It introduces new rules that may affect how long and under what conditions student loan payments can be suspended, and makes it harder to completely forgive debt. Citizens should be aware that future student loan relief might be shorter and more limited, especially for higher-income individuals.
Key points
The government can only suspend student loan payments for 90 days during a national emergency, with no consecutive extensions.
High-income individuals (above 400% of the poverty line) will not be eligible for payment suspensions or interest accrual pauses.
Any decisions by the President or Secretary of Education to suspend payments or cancel loans will require Congressional approval.
The act prohibits the cancellation of student loans due to the COVID-19 pandemic or other national emergencies.
Current COVID-19 related student loan payment pauses will end 30 days after the act becomes effective.
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Additional Information
Print number: 117_S_4094
Sponsor: Sen. Thune, John [R-SD]
Process start date: 2022-04-27
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

Stop Reckless Student Loan Actions Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4094.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-04-27.

What are the main provisions?

Key points include:

  • The government can only suspend student loan payments for 90 days during a national emergency, with no consecutive extensions.
  • High-income individuals (above 400% of the poverty line) will not be eligible for payment suspensions or interest accrual pauses.
  • Any decisions by the President or Secretary of Education to suspend payments or cancel loans will require Congressional approval.
  • The act prohibits the cancellation of student loans due to the COVID-19 pandemic or other national emergencies.
  • Current COVID-19 related student loan payment pauses will end 30 days after the act becomes effective.
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 Sen. Thune, John [R-SD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Education Economy