Stopping Abusive Student Loan Collection Practices in Bankruptcy Act of 2026
Bill Summary
Allows students to discharge certain student loans in bankruptcy, stopping abusive collection practices. Requires bankruptcy courts to consider the borrower's financial situation when deciding whether to discharge student loans.
Sponsored By
Bill Journey
- Jun 2, 2026
- Jun 2, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects students and borrowers with outstanding student loans, potentially allowing them to have their debts discharged in bankruptcy and stopping aggressive collection efforts. It may also impact lenders and collectors of student loans, who would need to adapt to new bankruptcy procedures.
Impact Areas
Support & Opposition
- Democratic1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Education
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.