Joint Consolidation Loan Separation Act became law 546 days after introduction, with cosponsors from both parties
Written by the Congressional Research Service [2]. 115 words.
Joint Consolidation Loan Separation Act This act allows two borrowers, who had previously received a joint consolidation loan for their federal student loan debt, to submit a joint application to the Department of Education to sever their consolidated loan into two separate loans. One borrower may submit a separate application in the event that the individual has experienced domestic or economic abuse from the other individual borrower or is unable to reasonably reach or access the loan information of the other borrower. In the case of a borrower who receives a separate consolidation loan due to those circumstances, the other individual borrower must become solely liable for the remaining balance of the joint consolidation loan.
- Committees
- Senate Banking, Housing, and Urban Affairs Committee
Senate Health, Education, Labor, and Pensions Committee - Policy area
- Education: 22 of 3,602 bills became law, 113th–118th (0.6%)
- Sponsor
- 5 of 304 bills enacted since 2013
- Text versions
- 4, from enrolled bill to public law · 962 words
- Subjects
- Consumer creditDomestic violence and child abuseGovernment lending and loan guaranteesHigher educationMarriage and family statusStudent aid and college costs
- Latest action
- Oct 11, 2022: Became Public Law No: 117-200.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 2 in all.
Identical or companion · 1
- 117th H.R. 2460 Joint Consolidation Loan Separation Act D · Introduced
Procedural (rules, motions) · 1
- 117th H.Res. 1361 Providing for consideration of the bill (S. 1098) to amend the Higher Education Act of 1965 to authorize borrowers to separate joint consoli D · Agreed to