S. 1098
EnactedJoint Consolidation Loan Separation Act
Latest Action
Became Public Law No: 117-200.
10/11/2022
Summary
Joint Consolidation Loan Separation Act
This act allows two borrowers, who had previously received a joint consolidation loan for their federal student loan debt, to submit a joint application to the Department of Education to sever their consolidated loan into two separate loans.
One borrower may submit a separate application in the event that the individual has experienced domestic or economic abuse from the other individual borrower or is unable to reasonably reach or access the loan information of the other borrower. In the case of a borrower who receives a separate consolidation loan due to those circumstances, the other individual borrower must become solely liable for the remaining balance of the joint consolidation loan.
Public Law • 10/11/2022
Topics & Subjects
Amendments (1)
This bill has 1 amendment proposed or adopted.
View all amendments on Congress.govCongressional Votes (2)
On Passage
September 21, 2022
On Motion to Commit
September 21, 2022
Related Federal Spending
Sponsor & Cosponsors (4)
Party Breakdown
Sponsor
Cosponsors (3)
Enacted into Law
Public Law 117-200
View on Congress.govBill Journey
Originated in the Senate
Introduced
April 13, 2021
Committee Review
May 5, 2022
Floor Debate
June 15, 2022
Passed Chamber
September 20, 2022
Other Chamber
June 16, 2022
President
October 11, 2022
Failed
September 21, 2022