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H.R. 2028 (112th): Private Student Loan Bankruptcy Fairness Act of 2011


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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


5/26/2011--Introduced. Private Student Loan Bankruptcy Fairness Act of 2011 - Amends the federal bankruptcy code to limit the non-dischargeability, except in cases of undue hardship, of educational loans to those made, insured, or guaranteed by a governmental unit, or made under any program funded by a governmental unit or any program for which substantially all of the funds are provided by a nonprofit institution (thus allowing the discharge of private educational loan indebtedness without the need to show an undue hardship).