Search Results for keywords:"parent borrower liability"

Search Results: keywords:"parent borrower liability"

S. 4333 — To provide for the discharge of parent borrower liability if a student on whose behalf a parent has received certain student loans becomes disabled.
May 14, 2024
Status:Introduced in Senate
Congress:118
Words:335
S. 4333 is a bill that aims to relieve parents from paying back certain student loans if their child, for whom they took the loan, becomes permanently and totally disabled. The bill specifies that this loan discharge applies regardless of when the loan was taken out or when...
Simple Explanation
S. 4333 is like a special rule that says if a parent borrowed money to help their child go to school, and the child can't work because of a serious health problem, the parents won't have to pay back that borrowed money.
H. R. 8407 — To provide for the discharge of parent borrower liability if a student on whose behalf a parent has received certain student loans becomes disabled.
May 15, 2024
Status:Introduced in House
Congress:118
Words:344
H. R. 8407 proposes that a parent who borrowed money for their child's student loans can have their debt forgiven if the child becomes permanently and totally disabled. This change would apply to loans taken before, on, or after the law is enacted, regardless of when the...
Simple Explanation
If a student's parent borrowed money for their kid's college and the kid becomes disabled so they can't work, this bill says the parent's loan can be erased, even if the loan was taken out a long time ago.

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