Student Loan Accountability Act

Summary

Student Loan Accountability Act This bill generally prohibits the Departments of Education, Justice, or the Treasury from taking any action to cancel or forgive the outstanding balances, or portion of balances, of covered loans. Covered loans refer to Federal Family Education Loans, Federal Direct Loans, Federal Perkins Loans, and loans under the Health Education Assistance Loan Program. The prohibition does not apply to targeted federal student loan forgiveness, cancellation, or repayment programs carried out under the Higher Education Act of 1965. Additionally, the bill repeals the temporary tax-free treatment of discharged student loan debt. It also prohibits tax return information from being shared for the purpose of administering a student loan cancellation plan.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 March 2023

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• Introduced in House (PDF)

  Introduced in House · EN · 17 March 2023

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• Introduced in House

  summary · EN · 17 March 2023

  Open at official source

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