I 
117TH CONGRESS 
2D SESSION 
H. R. 6708 
To direct the Secretary of Education to cancel or repay up to $25,000 
in Federal student loans for each borrower. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 11, 2022 
Mr. VICENTE GONZALEZ of Texas introduced the following bill; which was re-
ferred to the Committee on Education and Labor, and in addition to the 
Committee on Ways and Means, for a period to be subsequently deter-
mined by the Speaker, in each case for consideration of such provisions 
as fall within the jurisdiction of the committee concerned 
A BILL 
To direct the Secretary of Education to cancel or repay 
up to $25,000 in Federal student loans for each borrower. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Student Loan Relief 
Act’’. 
SEC. 2. WRITING DOWN BALANCES FOR FEDERAL STUDENT 
LOAN BORROWERS. 
(a) IN GENERAL.—Not later than 90 days after the 
date of enactment of this Act, the Secretary shall cancel 
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or repay an amount on the outstanding balance due (in-
cluding the unpaid principal amount, any accrued interest, 
and any fees or charges) on the Federal student loans of 
a borrower that is equal to the lesser of— 
(1) $25,000; or 
(2) the total outstanding balance due on such 
loans of the borrower. 
(b) APPLICATION.—Unless otherwise requested by 
the borrower in writing, a cancellation or repayment under 
subsection (a) shall be applied— 
(1) in the case of a borrower whose loans have 
different applicable rates of interest, first toward the 
outstanding balance due on the loan with the highest 
applicable rate of interest among such loans; and 
(2) in the case of a borrower of loans that have 
the same applicable rates of interest, first toward 
the outstanding balance of principal due on the loan 
with the highest principal balance among such loans. 
(c) DATA TO IMPLEMENT.—Contractors of the Sec-
retary, and holders of Federal student loans, shall report, 
to the satisfaction of the Secretary the information nec-
essary to carry out this section. 
(d) TAXATION.—For purposes of the Internal Rev-
enue Code of 1986, in the case of any cancellation or re-
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payment of indebtedness under this subsection with re-
spect to any borrower: 
(1) EXCLUSION
FROM
GROSS
INCOME.—No 
amount shall be included in the gross income of such 
borrower by reason of such cancellation or repay-
ment. 
(2) WAIVER OF INFORMATION REPORTING RE-
QUIREMENTS.—Amounts excluded from gross in-
come under paragraph (1) shall not be required to 
be reported (and shall not be taken into account in 
determining whether any reporting requirement ap-
plies) under chapter 61 of such Code. 
(e) DEFINITIONS.—In this section: 
(1) FEDERAL
STUDENT
LOAN.—The term 
‘‘Federal student loan’’ means a loan— 
(A) made under part B, part D, or part E 
of title IV of the Higher Education Act of 1965 
(20 U.S.C. 1071 et seq., 1087a et seq., 1087aa 
et seq.), and held by the Department of Edu-
cation; or 
(B) made, insured, or guaranteed under 
part B of the such title (20 U.S.C. 1071 et 
seq.), or made under part E of such title (20 
U.S.C. 1087qaa seq.), and not held by the De-
partment of Education. 
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(2) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Education. 
Æ 
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