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H.R. 8356119th CongressIn committeeLatest action Apr 16, 2026Decoded by AI · checked against the record
Official title: Clean Slate through Consolidation Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
If you consolidate a defaulted federal student loan, this bill would require lenders to remove the default from your credit report.
40-second read · 4 questions answered below
This bill says that when a borrower pays off a defaulted federal student loan by taking out a Direct Consolidation Loan, the government or loan holder must ask credit bureaus to delete the default record from the borrower's credit history. The default would be removed as if it never appeared.
This affects federal student loan borrowers who have defaulted on loans that were originally made, insured, or guaranteed under federal student loan programs. It applies to those who choose to resolve that default through consolidation.
Right now, a default can stay on a borrower's credit report even after they consolidate, which can continue to hurt their credit score. This bill would end that outcome by requiring removal of the default record after consolidation.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Education and Workforce.