The House is expected to vote on legislation to let borrowers split joint consolidation loans.
Now, House Democrats are a step closer to passing legislation to let borrowers split their joint consolidation loans, giving them a new path toward debt relief. The House is scheduled to vote Tuesday on the Joint Consolidation Loan Separation Act, which was approved by the Senate in June.three times since 2017.
said he was contacted by a mother of two in McLean, Va., whose abusive ex-husband refused to pay his share of their joint loan, leaving her at risk of having her wages garnished as she struggled to keep up with the payments.For Price, the issue became a priority around 2014 after hearing from people who were also stuck in loans with abusive or irresponsible partners without any recourse.
“There is not enough of us to impact an election, so there has not been a lot of political motivation to do anything,” said Lori Klein, 58, a single mother of two in Raleigh, N.C., who added, “anyone can see how crazy this situation is.” She has struggled to repay a spousal loan sinceAt the time, Klein was a stay-at-home mom with no source of income, $300 in savings and $68,000 in joint student loans. Her husband neither made payments nor provided child support.