Savings Opportunity and Affordable Repayment Act
Sponsored by DeLauro, Rosa L. (Democrat-CT-3) · House · Introduced Apr 23, 2026
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Plain-English Summary (AI-assisted)
This bill would amend federal higher education law to create a new repayment option called the Savings Opportunity and Affordable Repayment (SOAR) plan for student loan borrowers. The SOAR plan would be classified as an income-contingent repayment plan, meaning monthly payments would be calculated based on a borrower's income rather than a fixed amount.
Legislative Status Timeline
Introduced
Apr 23, 2026
In Committee
Apr 23, 2026
Passed House
Pending
Passed Senate
Pending
Presidential Action
Pending
Sponsor
DeLauro, Rosa L.
Independent · CT-3
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