Amends the Higher Education Act of 1965 to remove adverse credit history for borrowers who have rehabilitated their loans.
The Clean Slate through Rehabilitation Act amends the Higher Education Act of 1965 to change how adverse credit history is handled for borrowers who have rehabilitated their loans. Specifically, it removes any negative information related to the loan from the borrower's credit history. This change aims to support borrowers who have successfully managed to rehabilitate their loans by clearing their credit records of these adverse entries.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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