Clean Slate through Consolidation Act
Sponsored By: Representative Stevens, Haley M. [D-MI-11]
Introduced
Summary
This bill would require federal student loan holders to request that consumer reporting agencies remove default notations from a borrower's credit history when a Federal Direct Consolidation Loan discharges a previously defaulted loan.
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- Borrowers whose defaulted federal loans are discharged through consolidation would have the default entry targeted for removal from consumer reporting records, focusing specifically on that notation in their credit history.
- The Secretary of Education, guaranty agencies, or other holders of the loan would be required to initiate the request to consumer reporting agencies during the consolidation process.
- The change applies only when the consolidation loan actually discharges the liability on the defaulted loan and addresses only the default notation itself.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Remove default from student credit reports
If enacted, borrowers who obtain a Federal Direct Consolidation Loan that discharges a defaulted federal student loan would have the default notation removed from their credit reports. The Secretary of Education, a guaranty agency, or the loan holder would have to ask consumer reporting agencies to delete the reported default. This would apply only when consolidation actually discharges the old loan. Removing the default would likely improve credit records and help borrowers access loans or lower rates.
Sponsors & CoSponsors
Sponsor
Stevens, Haley M. [D-MI-11]
MI • D
Cosponsors
Adams
NC • D
Sponsored 4/16/2026
Rep. Ross, Deborah K. [D-NC-2]
NC • D
Sponsored 4/16/2026
Rep. Williams, Nikema [D-GA-5]
GA • D
Sponsored 4/16/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov