H.R. 4545: Private Loan Disability Discharge Act of 2019

CBO Score


Date of Report

Wed April 22nd, 2020

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.

View the full vote history of this bill on GovTrack.us.

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