S. 1220In Committee
Savings Opportunity and Affordable Repayment Act
Plain-English overview
What this bill does
Establishes a new income driven student loan repayment plan with lower payments, broader loan eligibility, principal payment rules, and loan forgiveness after set periods
Key points
- Establish SOAR repayment plan
- Require principal payment allocation
- Allow additional federal loan types
- Forgive remaining loan balances
Current status
Where it stands
Status
In Committee
Latest action
2025-04-01 — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Related context
Topics and policy areas
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Discovery signals
About these signals
Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.