S.3219 - Fairness for Struggling Students Act of 2010

A bill to amend title 11, United States Code, with respect to certain exceptions to discharge in bankruptcy. view all titles (2)

All Bill Titles

  • Official: A bill to amend title 11, United States Code, with respect to certain exceptions to discharge in bankruptcy. as introduced.
  • Short: Fairness for Struggling Students Act of 2010 as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill's Views

  • Today: 4
  • Past Seven Days: 16
  • All-Time: 6,950
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
04/14/10
 
 
 
 
 
 
 

Official Summary

4/15/2010--Introduced.Revises federal bankruptcy law with respect to the exemption from the exception to discharge in bankruptcy for certain educational loans if excepting such debt from discharge would impose an undue hardship on the debtor and debtor's dependents. Limits such exempt

Official Summary

4/15/2010--Introduced.Revises federal bankruptcy law with respect to the exemption from the exception to discharge in bankruptcy for certain educational loans if excepting such debt from discharge would impose an undue hardship on the debtor and debtor's dependents. Limits such exemption to the existing ones for:
(1) an educational benefit overpayment or loan made, insured, or guaranteed by a governmental unit or made under any program funded in whole or in part by a governmental unit; and
(2) an obligation to repay funds received from a governmental unit as an educational benefit, scholarship, or stipend. Repeals the current exemption for:
(1) any loan made under any program funded in whole or in part by a governmental unit or nonprofit institution; and
(2) any other qualified education loan incurred by an individual debtor on behalf of the taxpayer, the taxpayer's spouse, or any dependent, including indebtedness used to refinance a qualified education loan. (Thus makes both kinds of loans nondischargeable in bankruptcy.)

...Read the Rest


Latest Letters to Congress

See All Letters (4)
 


Vote on This Bill

99% Users Support Bill

68 in favor / 1 opposed
 

Send Your Senator a Letter

about this bill Support Oppose Tracking
Track with MyOC
Save to Notebook Make A Bill Widget

Top-Rated Comments

OpenCongress is a free and open-source project of the Participatory Politics Foundation, a 501(c)3 non-profit organization with a mission to increase civic engagement. The non-profit Sunlight Foundation is the Founding and Primary Supporter of OpenCongress.