Clean Slate through Repayment Act of 2023

This bill requires lenders to request credit bureaus remove default notations from borrowers' credit reports once they fully repay defaulted federal student loans under the Higher Education Act. It directly affects borrowers who have repaid loans they previously defaulted on. The key mechanism is that after full repayment, the lender (or guaranty agency) must proactively ask credit reporting agencies to delete the negative mark. This changes the credit reporting process without altering loan repayment terms or forgiving debt.