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Clean credit history after student loan consolidation

This bill aims to help individuals who have defaulted on federal student loans. If you consolidate your defaulted loan into a new federal loan, the record of the previous default will be removed from your credit history. This can improve your creditworthiness and make it easier to access other financial services.
Key points
Removal of negative default records for student loans from credit history.
Improved creditworthiness for individuals who consolidate their federal student loans.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_4591
Sponsor: Rep. Stevens, Haley M. [D-MI-11]
Process start date: 2023-07-12
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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 118_HR_4591.

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 2023-07-12.

What are the main provisions?

Key points include:

  • Removal of negative default records for student loans from credit history.
  • Improved creditworthiness for individuals who consolidate their federal student loans.
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 the Workforce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Education