Borrowers who combine defaulted student loans would get credit history cleaned.
This bill would help people who have defaulted on their federal student loans. If they combine their defaulted loans into a new Federal Direct Consolidation Loan, the bill would require the default to be removed from their credit history.
Currently, if you default on a federal student loan and then consolidate it, the default often remains on your credit history. If this bill becomes law, the organization holding your defaulted loan would be required to ask credit reporting companies to remove that default from your credit history. This would happen once the consolidation loan is complete.
HR 8356 · 119th Congress · April 16, 2026 · AI Summary by gemini-2.5-flash · 10/10
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