Section 1 Short title
This Act may be cited as the “Clean Slate through Repayment Act of 2026”.
Clean Slate through Repayment Act of 2026
A BILL
To amend the Higher Education Act of 1965 to remove from a borrower’s credit history the record of default on a defaulted loan made, insured, or guaranteed under title IV of such Act upon repayment of the full amount due on such loan, and for other purposes.
Sec. 2 Removal of record of default
Part G of title IV of the Higher Education Act of 1965 (20 U.S.C. 1088 et seq.) is amended by adding at the end the following:
“494A. Removal of record of default
“With respect to a borrower who repays in full the amount due on a defaulted loan made, insured, or guaranteed under this title, the Secretary, guaranty agency, or other holder of the loan, as applicable, shall request that any consumer reporting agency to which the default was reported remove the default (and any related adverse information) from such borrower's credit history.”