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H.R. 4635House118th Congress (2023-2025)In Committee

Clean Slate through Repayment Act of 2023

Sponsored by Deborah K. RossRep. Deborah K. Ross (D-NC)
Introduced July 13, 2023

AI-Generated Summary

Updated January 20, 2026 at 9:56 AM UTC

The Clean Slate through Repayment Act of 2023 changes the Higher Education Act so that when a borrower fully repays a defaulted federal student loan covered by Title IV, the default is removed from their credit report. This helps borrowers restore their credit after they have satisfied the debt. It applies to borrowers with defaulted Title IV loans, the Department of Education (or its Secretary), guaranty agencies, loan holders, and consumer reporting agencies.

Key Provisions

  • Adds a new Section 495 to the Higher Education Act requiring the Secretary, guaranty agency, or loan holder to request that consumer reporting agencies delete any adverse credit entry related to a fully repaid defaulted Title IV loan.
  • Mandates that the default record be removed from the borrower’s credit history once the full amount due on the loan has been paid.

Legislative Activity

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1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on Education and the Workforce.

Education and Workforce Committee

July 13, 2023

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HouseIntro Referral

Introduced in House

July 13, 2023

HouseIntro Referral

Referred to the House Committee on Education and the Workforce.

Education and Workforce Committee

July 13, 2023

Bill Text

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Introduced in HouseIssued July 13, 2023

I

118th CONGRESS

1st Session

H. R. 4635

IN THE HOUSE OF REPRESENTATIVES

July 13, 2023

Ms. Ross (for herself, Ms. Stevens, Ms. Williams of Georgia, and Ms. Adams) introduced the following bill; which was referred to the Committee on Education and the Workforce

A BILL

To amend the Higher Education Act of 1965 to remove the record of default on a loan made, insured, or guaranteed under title IV from a borrower’s credit history upon repayment of the full amount due on such loan.

1.

Short title

This Act may be cited as the Clean Slate through Repayment Act of 2023.

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:

495.

Removal of record of default

Upon repaying 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 shall request any consumer reporting agency to which the Secretary, guaranty agency, or holder, as applicable, reported the default of the loan, to remove any adverse item of information relating to such loan from the borrower's credit history.

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