H.R. 4545: Private Loan Disability Discharge Act of 2019
Legislation Details
116th Congress
To provide for the discharge of a private education loan in the case of death or total and permanent disability of a student obligor, and for other purposes.
Sponsor: Rep. Madeleine Dean — D — PA
Directs the holder of a private education loan to discharge the loan in the event of the borrower's death or total and permanent disability. The obligation of a cosigner for a private education loan is also discharged in the event of total and permanent disability of the borrower. The bill also extends indefinitely the exclusion of student loan debt discharge from gross income for federal income tax purposes.
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