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Student Loan Accountability Act: Prohibiting Mass Debt Cancellation

This act aims to prohibit the mass cancellation of student loans by the government. This means individuals with student loans should not expect a widespread forgiveness of their debts. The act emphasizes that any relief will only apply to existing, targeted assistance programs.
Key points
Prohibition of mass student loan cancellation: The government will not be able to broadly cancel student debts.
Exemptions for existing programs: The act does not affect current, targeted loan forgiveness or repayment programs that were in effect as of 2022.
Limitation on future changes: Any new regulations regarding loan forgiveness or deferment must be explicitly approved by Congress.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_4253
Sponsor: Sen. Romney, Mitt [R-UT]
Process start date: 2022-05-18
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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 Accountability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4253.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-05-18.

What are the main provisions?

Key points include:

  • Prohibition of mass student loan cancellation: The government will not be able to broadly cancel student debts.
  • Exemptions for existing programs: The act does not affect current, targeted loan forgiveness or repayment programs that were in effect as of 2022.
  • Limitation on future changes: Any new regulations regarding loan forgiveness or deferment must be explicitly approved by Congress.
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. Romney, Mitt [R-UT].

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