I 
116TH CONGRESS 
1ST SESSION H. R. 3887 
To discharge the qualified loan amounts of each individual, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 23, 2019 
Mr. CLYBURN (for himself, Ms. SCHAKOWSKY, Mr. KHANNA, and Ms. CLARKE 
of New York) introduced the following bill; which was referred to the 
Committee on Education and Labor, and in addition to the Committees 
on Ways and Means, and the Judiciary, for a period to be subsequently 
determined by the Speaker, in each case for consideration of such provi-
sions as fall within the jurisdiction of the committee concerned 
A BILL 
To discharge the qualified loan amounts of each individual, 
and for other purposes. 
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 Debt 
Relief Act of 2019’’. 
SEC. 2. TABLE OF CONTENTS. 
The table of contents for this Act is as follows: 
Sec. 1. Short title. 
Sec. 2. Table of contents. 
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TITLE I—LOAN DISCHARGE AND FORBEARANCE 
Sec. 101. Loan discharge. 
Sec. 102. Automatic administrative forbearance; halting of wage garnishment. 
Sec. 103. Staying and prohibition on commencement of actions for collection. 
Sec. 104. Ineligibility for Treasury Offset. 
TITLE II—REFINANCING PROGRAMS 
Sec. 201. Refinancing programs. 
TITLE III—DISCHARGEABILITY OF STUDENT LOANS IN 
BANKRUPTCY 
Sec. 301. Dischargeability of student loans in bankruptcy. 
TITLE IV—GENERAL PROVISIONS 
Sec. 401. Report on progress of implementation. 
Sec. 402. Notification to borrowers. 
Sec. 403. Inapplicability of title IV negotiated rulemaking and master calendar 
exception. 
Sec. 404. Definitions. 
TITLE I—LOAN DISCHARGE AND 
FORBEARANCE 
SEC. 101. LOAN DISCHARGE. 
(a) IN GENERAL.—Subject to subsection (f), not later 
than the date that is 12 months after the date of enact-
ment of this Act, the Secretary of Education shall dis-
charge the qualified loan amount of each individual, with-
out regard to the repayment status of the loan or whether 
the loan is in default. 
(b) QUALIFIED LOAN AMOUNT.— 
(1) IN GENERAL.—The qualified loan amount 
of an individual is an amount equal to the lesser 
of— 
(A) $50,000; and 
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(B) the aggregate loan obligation on the el-
igible Federal loans of the taxpayer that is out-
standing on the date of enactment of this Act 
or, in the case of such loans issued under sec-
tion 460B of the Higher Education Act of 
1965, as added by title II of this Act, on the 
date on which such loans are issued under such 
section 460B. 
(2) LIMITATION BASED ON ADJUSTED GROSS 
INCOME.—The amount discharged under subsection 
(a) with respect to an individual shall be reduced 
(but not below zero) by $1 for each $3 (or fraction 
thereof) by which the taxpayer’s adjusted gross in-
come exceeds $100,000 (twice such amount in the 
case of a joint return) for the most recent taxable 
year ending before the date of the enactment of this 
Act. 
(c) METHOD OF LOAN DISCHARGE.— 
(1) IN
GENERAL.—To provide the loan dis-
charge required under subsection (a), the Secretary 
is authorized to carry out a program— 
(A) through the holder of the loan, to as-
sume the obligation to repay the qualified loan 
amount for a loan made, insured, or guaranteed 
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under part B of title IV of the Higher Edu-
cation Act of 1965 (20 U.S.C. 1071 et seq.); 
(B) to cancel the qualified loan amount for 
a loan made under part D of title IV of the 
Higher Education Act of 1965 (20 U.S.C. 
1087a et seq.), or assigned, referred, or trans-
ferred to, or purchased by, the Secretary under 
such title IV (20 U.S.C. 1070 et seq.), includ-
ing a Federal Direct Stafford Loan issued 
under section 460B of the Higher Education 
Act of 1965, as added by title II of this Act; 
and 
(C) through the institution of higher edu-
cation that made the loan from its student loan 
fund established under part E of such title (20 
U.S.C. 1087aa et seq.), to assume the obliga-
tion to repay the qualified loan amount for such 
loan. 
(2) ORDER
OF
LOAN
DISCHARGE.—With re-
spect to an individual with at least 2 eligible Federal 
loans, the Secretary shall discharge the loans of the 
individual as follows (except as otherwise indicated 
by the individual): 
(A) In the case in which the individual has 
loans with different rates of interest, the loans 
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should be discharged in descending order by 
rate of interest. 
(B) In the case in which the individual has 
loans with the same rates of interest, the loans 
should be discharged in descending order by 
amount of outstanding principal. 
(d) EXCLUSION FROM TAXABLE INCOME.—For pur-
poses of the Internal Revenue Code of 1986, in the case 
of an individual, gross income does not include any 
amount which (but for this subsection) would be includible 
in gross income by reason of the discharge (in whole or 
in part) of any loan if such discharge was pursuant to 
this title. 
(e) TAXPAYER INFORMATION.— 
(1) IN GENERAL.—The Secretary of the Treas-
ury may, upon written request from the Secretary of 
Education, disclose to officers and employees of the 
Department of Education return information with 
respect to a taxpayer who has received eligible Fed-
eral loans that are outstanding on the date described 
in subsection (b)(1)(B). Such return information 
shall be limited to— 
(A) taxpayer identity information with re-
spect to such taxpayer; 
(B) the filing status of such taxpayer; and 
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(C) the adjusted gross income of such tax-
payer. 
(2) RESTRICTION ON USE OF DISCLOSED IN-
FORMATION.—Return information disclosed under 
paragraph (1) may be used by officers and employ-
ees of the Department of Education only for the 
purposes of, and to the extent necessary in, estab-
lishing the appropriate qualified loan amount of a 
taxpayer. 
(f) LONG-TERM SETTLE
AND COMPROMISE DIS-
CHARGE AUTHORITY.—Not later than the date that is 24 
months after the date of enactment of this Act, the Sec-
retary of Education may use the authority under sections 
432(a)(6) and 468(2) of the Higher Education Act of 
1965 (20 U.S.C. 1082(a)(6); 1087hh(2)) to discharge 
loans under this section beyond the period described in 
subsection (a) for— 
(1) an individual who, through an appeals proc-
ess established by the Secretary, successfully appeals 
a loan discharge determination by the Secretary 
under this section; 
(2) an individual who, due to special cir-
cumstances, misses a deadline established by the 
Secretary in the administration of loan discharges 
under this section; or 
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(3) an individual (or a group of individuals) 
who the Secretary determines should have received a 
loan discharge or a discharge amount that is dif-
ferent from the amount of loan discharge received 
under this section, except that a loan discharge 
amount received under this subsection may not ex-
ceed the qualified loan amount determined for the 
individual (or the group of individuals) under sub-
section (b). 
(g) PRIVATE STUDENT LOAN DISCHARGE.—Not 
later than the date that is 3 months after the date of en-
actment of this Act, the Secretary of Education, in coordi-
nation with the Secretary of the Treasury and the Director 
of the Bureau of Consumer Financial Protection, shall un-
dertake a campaign to alert borrowers of private education 
loans— 
(1) that such borrowers may be eligible to refi-
nance such private loans as Federal Direct Stafford 
Loans under section 460B of the Higher Education 
Act of 1965, as added by title II of this Act; and 
(2) such Federal Direct Stafford Loans may be 
eligible for loan discharge under this section. 
(h) CREDIT REPORTING.—In the case of a borrower 
of an eligible Federal loan that was in default prior to 
being discharged under this section and on which, as a 
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result of such loan discharge, there is no outstanding bal-
ance of principal or interest, the Secretary, guaranty agen-
cy or other holder of the loan shall request any consumer 
reporting agency to which the Secretary, guaranty agency 
or holder, as applicable, reported the default of the loan, 
to remove the record of the default from the borrower’s 
credit history. 
(i) MEMBERS OF CONGRESS.—In this section, the 
terms ‘‘individual’’ and ‘‘taxpayer’’ do not include a Mem-
ber of Congress. 
SEC. 102. AUTOMATIC ADMINISTRATIVE FORBEARANCE; 
HALTING OF WAGE GARNISHMENT. 
During the period beginning on the date of enactment 
of this Act and ending on the date that is 12 months after 
such date of enactment, the Secretary of Education— 
(1) shall place each borrower of an eligible Fed-
eral loan with an outstanding balance, without any 
further action required by the borrower (except that 
the borrower may opt-out of this section), on an ad-
ministrative forbearance during which periodic in-
stallments of principal need not be paid, and interest 
shall not accrue, on such loan; and 
(2) may not issue an order for wage garnish-
ment or withholding under section 488A of the 
Higher Education Act of 1965 (20 U.S.C. 1095a) or 
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section 3720D of title 31, United States Code, ini-
tiate proceedings to collect debt through deductions 
from pay under such section 488A or 3720D, or en-
force or otherwise require compliance with a wage 
garnishment or withholding order issued under such 
section 488A or 3720D before the date of enactment 
of this Act (which shall include staying any related 
proceedings). 
SEC. 103. STAYING AND PROHIBITION ON COMMENCEMENT 
OF ACTIONS FOR COLLECTION. 
Until 12 months after the date of enactment of this 
Act, no eligible Federal loan may be referred to the Attor-
ney General for any action seeking collection of any 
amount owed on that loan and any action pending as of 
the date of enactment of this Act shall be stayed. 
SEC. 104. INELIGIBILITY FOR TREASURY OFFSET. 
Until 12 months after the date of enactment of this 
Act, no claim pertaining to an eligible Federal loan may 
be certified under section 3716(c)(1) of title 31, United 
States Code. 
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TITLE II—REFINANCING 
PROGRAMS 
SEC. 201. REFINANCING PROGRAMS. 
(a) PROGRAM AUTHORITY.—Section 451(a) of the 
Higher Education Act of 1965 (20 U.S.C. 1087a(a)) is 
amended— 
(1) by striking ‘‘and (2)’’ and inserting ‘‘(2)’’; 
and 
(2) by inserting ‘‘; and (3) to make loans under 
section 460A and section 460B’’ after ‘‘section 
459A’’. 
(b) REFINANCING PROGRAM.—Part D of title IV of 
the Higher Education Act of 1965 (20 U.S.C. 1087a et 
seq.) is amended by adding at the end the following: 
‘‘SEC. 460A. REFINANCING FFEL AND FEDERAL DIRECT 
LOANS. 
‘‘(a) IN GENERAL.—Beginning not later than 12 
months after the date of enactment of the Student Loan 
Debt Relief Act of 2019, the Secretary shall establish a 
program under which the Secretary automatically refi-
nances loans made under this part in accordance with the 
provisions of this section, in order to lower the rate of 
interest on such loans. 
‘‘(b) REFINANCING DIRECT LOANS.— 
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‘‘(1) FEDERAL DIRECT LOANS.—With respect 
to each Federal Direct Stafford Loan, Federal Di-
rect Unsubsidized Stafford Loan, Federal Direct 
PLUS Loan, and Federal Direct Consolidation 
Loan, for which the first disbursement was made to 
a borrower, or the application for the consolidation 
loan was received from a borrower, on or before the 
date of enactment of the Student Loan Debt Relief 
Act of 2019, the Secretary shall, without any further 
action by the borrower (other than under subpara-
graph (C))— 
‘‘(A) discharge the liability on such Fed-
eral Direct Stafford Loan, Federal Direct Un-
subsidized Stafford Loan, Federal Direct PLUS 
Loan, or Federal Direct Consolidation Loan; 
‘‘(B) issue to the borrower a new Federal 
Direct Stafford Loan, Federal Direct Unsub-
sidized Stafford Loan, Federal Direct PLUS 
Loan, or Federal Direct Consolidation Loan, re-
spectively— 
‘‘(i) in an amount equal to the sum of 
the unpaid principal, accrued unpaid inter-
est, and late charges of the loan for which 
the liability is being discharged under sub-
paragraph (A); and 
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‘‘(ii) which has the same terms and 
conditions as the original loan, except that 
the rate of interest shall be determined 
under subsection (c); and 
‘‘(C) provide the borrower an opportunity 
to opt-out of the refinancing under this para-
graph. 
‘‘(2) REFINANCING FFEL PROGRAM LOANS AS 
REFINANCED FEDERAL DIRECT LOANS.— 
‘‘(A) IN GENERAL.—With respect to each 
loan that was made, insured, or guaranteed 
under part B and for which the first disburse-
ment was made to a borrower, or the applica-
tion for the consolidation loan was received 
from a borrower, before July 1, 2010, the Sec-
retary shall, without any further action by the 
borrower (other than to provide the borrower an 
opportunity to opt-out of the refinancing under 
this paragraph), issue to the borrower a loan 
made under this part— 
‘‘(i) in an amount equal to the sum of 
the unpaid principal, accrued unpaid inter-
est, and late charges of the loan selected to 
be so refinanced; 
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‘‘(ii) the proceeds of which shall be 
paid to the holder of the loan selected to 
be so refinanced to discharge the liability 
on such loan; and 
‘‘(iii) which has a rate of interest de-
termined under subsection (c). 
‘‘(B) DESIGNATION
OF
LOANS.—A loan 
issued under this section the proceeds of which 
is discharging the liability on a loan made, in-
sured, or guaranteed— 
‘‘(i) under section 428 shall be a Fed-
eral Direct Stafford Loan; 
‘‘(ii) under section 428B shall be a 
Federal Direct PLUS Loan; 
‘‘(iii) under section 428H shall be a 
Federal 
Direct 
Unsubsidized 
Stafford 
Loan; and 
‘‘(iv) under section 428C shall be a 
Federal Direct Consolidation Loan. 
‘‘(c) INTEREST RATES.— 
‘‘(1) IN GENERAL.—The interest rate for Fed-
eral Direct Stafford Loans, Federal Direct Unsub-
sidized Stafford Loans, Federal Direct PLUS 
Loans, and Federal Direct Consolidation Loans 
issued under this section, shall be a rate equal to— 
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‘‘(A) in a case in which the original loan 
is a loan under section 428 or 428H, a Federal 
Direct Stafford loan, or a Federal Direct Un-
subsidized Stafford Loan, that was issued to an 
undergraduate student, the rate for Federal Di-
rect Stafford Loans and Federal Direct Unsub-
sidized Stafford Loans issued to undergraduate 
students for the 12-month period beginning on 
July 1, 2016, and ending on June 30, 2017; 
‘‘(B) in a case in which the original loan 
is a loan under section 428 or 428H, a Federal 
Direct Stafford Loan, or a Federal Direct Un-
subsidized Stafford Loan, that was issued to a 
graduate or professional student, the rate for 
Federal Direct Unsubsidized Stafford Loans 
issued to graduate or professional students for 
the 12-month period beginning on July 1, 2016, 
and ending on June 30, 2017; 
‘‘(C) in an case in which the original loan 
is a loan under section 428B or a Federal Di-
rect PLUS Loan, the rate for Federal Direct 
PLUS Loans for the 12-month period begin-
ning on July 1, 2016, and ending on June 30, 
2017; and 
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‘‘(D) in a case in which the original loan 
is a loan under section 428C or a Federal Di-
rect Consolidation Loan, a rate calculated in ac-
cordance with paragraph (2). 
‘‘(2) INTEREST
RATES
FOR
CONSOLIDATION 
LOANS.— 
‘‘(A) METHOD OF CALCULATION.—To de-
termine the interest rate for a Federal Direct 
Federal Consolidation Loan issued under this 
section, the Secretary shall— 
‘‘(i) determine each original loan for 
which the liability was discharged by the 
proceeds of a loan under section 428C or 
a Federal Direct Consolidation Loan, and 
calculate the proportion of the unpaid prin-
cipal balance of the loan under section 
428C or the Federal Direct Consolidation 
Loan that is applicable to each such origi-
nal loan; 
‘‘(ii) use the proportions determined 
in accordance with clause (i) and the inter-
est rate applicable for each original loan, 
as determined under subparagraph (B), to 
calculate the weighted average of the inter-
est rates on the loans consolidated into the 
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loan under section 428C or the Federal Di-
rect Consolidation Loan; and 
‘‘(iii) apply the weighted average cal-
culated under clause (ii) as the interest 
rate for the Federal Direct Consolidation 
Loan made under this section and for 
which the interest rate is being determined 
under this paragraph. 
‘‘(B) INTEREST
RATES
FOR
COMPONENT 
LOANS.—The interest rate for each original 
loan for which the liability is discharged by the 
proceeds of loan made under section 428C or a 
Federal Direct Consolidation Loan shall be the 
following: 
‘‘(i) The interest rate for any such 
original loan made, insured or guaranteed 
under section 428 or 428H, or that is a 
Federal Direct Stafford Loan or Federal 
Direct Unsubsidized Stafford Loan, issued 
to an undergraduate student shall be a 
rate equal to the lesser of— 
‘‘(I) the rate for Federal Direct 
Stafford Loans and Federal Direct 
Unsubsidized Stafford Loans issued 
to undergraduate students for the 12- 
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month period beginning on July 1, 
2016, and ending on June 30, 2017; 
or 
‘‘(II) the interest rate on such 
original loan. 
‘‘(ii) The interest rate for any such 
original loan made, insured or guaranteed 
under section 428 or 428H, or that is a 
Federal Direct Stafford Loan, or Federal 
Direct Unsubsidized Stafford Loan, issued 
to a graduate or professional student shall 
be a rate equal to the lesser of— 
‘‘(I) the rate for Federal Direct 
Unsubsidized Stafford Loans issued 
to graduate or professional students 
for the 12-month period beginning on 
July 1, 2016, and ending on June 30, 
2017; or 
‘‘(II) the interest rate on the 
original loan. 
‘‘(iii) The interest rate for any such 
original loan made, insured or guaranteed 
under section 428B or that is a Federal 
Direct PLUS Loan shall be a rate equal to 
the lesser of— 
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‘‘(I) the rate for Federal Direct 
PLUS Loans for the 12-month period 
beginning on July 1, 2016, and end-
ing on June 30, 2017; or 
‘‘(II) the interest rate on the 
original loan. 
‘‘(iv) The interest rate for any such 
original loan that is a loan under section 
428C or a Federal Direct Consolidation 
Loan shall be the weighted average of the 
interest rates determined under this sub-
paragraph for each loan for which the li-
ability is discharged by the proceeds of 
such consolidation loan. 
‘‘(v) The interest rate for any original 
loan for which the liability was discharged 
with the proceeds of a loan made under 
section 428C or a Federal Direct Consoli-
dation Loan and is not described in clauses 
(i) through (iv) shall be the interest rate 
on such original loan. 
‘‘(3) FIXED RATE.—The applicable rate of in-
terest determined under paragraph (1) for a loan 
issued under this section shall be fixed for the period 
of the loan. 
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‘‘(d) REPAYMENT PERIODS.—A loan issued under 
this section shall not result in the extension of the dura-
tion of the repayment period of the original loan, and the 
borrower shall retain the same repayment term that was 
in effect on the original loan. Nothing in this paragraph 
shall be construed to prevent a borrower from electing a 
different repayment plan at any time in accordance with 
section 455(d)(3). 
‘‘(e) ORIGINAL LOAN DEFINED.—In this section, the 
term ‘original loan’ means a loan for which the liability 
is discharged with the proceeds of a loan issued under this 
section. 
‘‘SEC. 460B. REFINANCING OF PRIVATE EDUCATION LOANS. 
‘‘(a) PROGRAM AUTHORIZED.— 
‘‘(1) IN GENERAL.—During the period begin-
ning on the date that is 6 months after the date of 
enactment of the Student Loan Debt Relief Act of 
2019, and ending on the date that is 9 months after 
such date of enactment, the Secretary, in consulta-
tion with the Secretary of the Treasury, shall carry 
out a program under which the Secretary, upon re-
ceiving an application from a borrower who has a 
loan obligation on an eligible private education loan, 
shall issue such borrower a loan under this section 
in accordance with the following: 
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‘‘(A) The loan issued under this section 
shall be in an amount equal to the sum of the 
unpaid principal, accrued unpaid interest, and 
late charges of the private education loan. 
‘‘(B) The Secretary shall pay the proceeds 
of the loan issued under this section to the pri-
vate educational lender (or subsequent holder) 
of the private education loan, in order to dis-
charge the borrower and any cosigners from 
any remaining obligation to the lender with re-
spect to the private education loan. 
‘‘(C) The Secretary shall require that the 
borrower undergo loan counseling that provides 
all of the information and counseling required 
under clauses (i) through (viii) of section 
485(b)(1)(A) before the carrying out subpara-
graphs (A) and (B) with respect to such bor-
rower. 
‘‘(D) The Secretary shall issue the loan as 
a Federal Direct Stafford Loan with a rate of 
interest determined under subsection (b). 
‘‘(b) INTEREST RATE.— 
‘‘(1) IN
GENERAL.—The interest rate for a 
Federal Direct Stafford Loan issued under this sec-
tion shall be— 
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‘‘(A) in the case of a Federal Direct Staf-
ford Loan discharging the liability on a private 
education loan issued for undergraduate post-
secondary educational expenses, a rate equal to 
the rate for Federal Direct Stafford Loans and 
Federal Direct Unsubsidized Stafford Loans 
issued to undergraduate students for the 12- 
month period beginning on July 1, 2016, and 
ending on June 30, 2017; and 
‘‘(B) in the case of a Federal Direct Staf-
ford Loan discharging the liability on a private 
education loan issued for graduate or profes-
sional degree postsecondary educational ex-
penses, a rate equal to the rate for Federal Di-
rect Unsubsidized Stafford Loans issued to 
graduate or professional students for the 12- 
month period beginning on July 1, 2016, and 
ending on June 30, 2017. 
‘‘(2) COMBINED UNDERGRADUATE AND GRAD-
UATE STUDY LOANS.—In the case of a Federal Di-
rect Stafford Loan discharging the liability on a pri-
vate education loan issued for both undergraduate 
and graduate or professional postsecondary edu-
cational expenses, the interest rate shall be a rate 
equal to the rate for Federal Direct PLUS Loans 
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for the 12-month period beginning on July 1, 2016, 
and ending on June 30, 2017. 
‘‘(3) FIXED RATE.—The applicable rate of in-
terest determined under this subsection for a Fed-
eral Direct Stafford Loan issued under this section 
shall be fixed for the period of the loan. 
‘‘(c) NO INCLUSION IN AGGREGATE LIMITS.—The 
amount of a Federal Direct Stafford Loan issued under 
this section, or a Federal Direct Consolidated Loan to the 
extent such loan is used to repay such a Federal Direct 
Stafford Loan, shall not be included in calculating a bor-
rower’s annual or aggregate loan limits under section 428 
or 428H. 
‘‘(d) PRIVATE EDUCATIONAL LENDER REPORTING 
REQUIREMENT.— 
‘‘(1) REPORTING REQUIRED.—Not later than 6 
months after the date of enactment of the Student 
Loan Debt Relief Act of 2019, the Secretary, in con-
sultation with the Secretary of the Treasury and the 
Director of the Bureau of Consumer Financial Pro-
tection, shall establish a requirement that private 
educational lenders report the data described in 
paragraph (2) to the Secretary, to Congress, to the 
Secretary of the Treasury, and to the Director of the 
Bureau of Consumer Financial Protection, in order 
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to allow for an assessment of the private education 
loan market. 
‘‘(2) CONTENTS
OF
REPORTING.—The data 
that private educational lenders shall report in ac-
cordance with paragraph (1) shall include each of 
the following about private education loans (as de-
fined in section 140(a) of the Truth in Lending Act 
(15 U.S.C. 1650(a))): 
‘‘(A) The total amount of private education 
loan debt the lender holds. 
‘‘(B) The total number of private edu-
cation loan borrowers the lender serves. 
‘‘(C) The average interest rate on the out-
standing private education loan debt held by the 
lender. 
‘‘(D) The proportion of private education 
loan borrowers who are in default on a loan 
held by the lender. 
‘‘(E) The proportion of the outstanding 
private education loan volume held by the lend-
er that is in default. 
‘‘(F) The proportions of outstanding pri-
vate education loan borrowers who are 30, 60, 
and 90 days delinquent. 
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‘‘(G) The proportions of outstanding pri-
vate education loan volume that is 30, 60, and 
90 days delinquent. 
‘‘(e) SUNSET.—The authority to issue loans under 
this section shall expire on the date that is 8 months after 
the date of enactment of the Student Loan Debt Relief 
Act of 2019. 
‘‘(f) DEFINITIONS.—In this section: 
‘‘(1) PRIVATE
EDUCATIONAL
LENDER.—The 
term ‘private educational lender’ has the meaning 
given the term in section 140(a) of the Truth in 
Lending Act (15 U.S.C. 1650(a)). 
‘‘(2) ELIGIBLE PRIVATE EDUCATION LOAN.— 
The term ‘eligible private education loan’ means a 
private education loan, as defined in section 140(a) 
of the Truth in Lending Act (15 U.S.C. 1650(a)), 
that— 
‘‘(A) was disbursed to the borrower on or 
before the date of enactment of the Student 
Loan Debt Relief Act of 2019; and 
‘‘(B) was for the borrower’s own postsec-
ondary educational expenses for an eligible pro-
gram at an institution of higher education par-
ticipating in the loan program under this part, 
as of the date that the loan was disbursed.’’. 
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(c) 
INCOME-CONTINGENT
REPAYMENT.—Section 
455(d)(1)(D) of the Higher Education Act of 1965 (20 
U.S.C. 1087e(d)(1)(D)) is amended by inserting before 
the semicolon at the end the following: ‘‘, and in calcu-
lating the period of time during which a borrower of a 
loan issued under section 460A has made monthly pay-
ments on such loan for purposes of the plan described in 
this subparagraph, the Secretary shall treat each monthly 
payment that otherwise meets the requirements of such 
plan and that was made on a loan for which the liability 
is discharged by the proceeds of such loan issued under 
section 460A, as a monthly payment made on such loan 
issued under section 460A’’. 
(d) PUBLIC SERVICE LOAN FORGIVENESS.—Section 
455(m) of the Higher Education Act of 1965 (20 U.S.C. 
1087e(m)) is amended— 
(1) by redesignating paragraphs (3) and (4) as 
paragraphs (4) and (5), respectively; and 
(2) by inserting after paragraph (2) the fol-
lowing: 
‘‘(3) TREATMENT
OF
LOANS
ISSUED
UNDER 
SECTION 460A.—Notwithstanding paragraph (1), in 
determining the number of monthly payments made 
under paragraph (1) on an eligible Federal Direct 
Loan issued under section 460A the proceeds of 
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