Student Loan Relief Act

Bill Number

HR 8514

Introduced

Oct 2, 2020

Latest Action

Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be ...

Sponsor

Cosponsors

Topics

Education Government lending and loan guarantees Higher education Income tax exclusion Interest, dividends, interest rates Student aid and college costs

Full Text

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Votes

Summary

Student Loan Relief Act

This bill requires the Department of Education to cancel or repay up to $25,000 in outstanding student loan debt for each borrower. Further, the bill outlines the method of loan discharge and, for tax purposes, excludes loan cancellation or repayment from a borrower's gross income.

Actions

Oct 2, 2020

Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 2, 2020

Introduced in House

Amendments

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