Student Loan Accountability Act

HR 1622 prohibits federal agencies (like the Education Department and Treasury) from canceling student loans on a large scale, except for existing programs under the Higher Education Act of 1965. It blocks agencies from modifying loan terms, forgiveness, or repayment without explicit congressional approval, and repeals certain existing loan forgiveness provisions. The bill also prevents using tax data to administer unapproved student loan cancellation plans. This directly affects how federal agencies manage student debt relief and limits new forgiveness initiatives.