HR 8475 · 119th CongressIn Committeecongress.gov ↗
To amend the Higher Education Act of 1965 to provide for a Savings Opportunity and Affordable Repayment plan as an income contingent repayment plan.
What this bill does
AI plain-language summaryThis bill would change the Higher Education Act of 1965 to create a new repayment plan for student loans called the "Savings Opportunity and Affordable Repayment" plan, which would be a type of income-based repayment option where payments are tied to how much money the borrower earns. No official summary is available for this bill.
Introduced
April 23, 2026
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