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H.R. 4395 (116th): Clean Slate through Consolidation Act

We don’t have a summary available yet.

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Sep 19, 2019.

Clean Slate through Consolidation Act

This bill requires the Department of Education (ED) to have a record of default removed from a borrower's credit history in certain circumstances.

Specifically, when a borrower obtains a Federal Direct Consolidation Loan discharging the borrower's liability on a defaulted student loan, ED must request a consumer reporting agency remove the record of default from the borrower's credit history.