Take Action
Tell your senators to cosponsor the Savings Opportunity and Affordable Repayment (SOAR) Act
Working families do their best to save for college, but these days, many must take out federal student loans to help. Income-driven repayment (IDR) plans enable borrowers to pay down their loan balances without robbing Peter to pay Paul.
But the Trump administration and its allies in Congress are looking to drastically reduce affordable options for repaying federal student loans.
The Savings Opportunity and Affordable Repayment (SOAR) Act, S. 1220, cosponsored by Sens. Jeff Merkley (D-OR) and Tim Kaine (D-VA), would offer borrowers better protection from unaffordable payments and loan balances that escalate rapidly due to accruing interest. The legislation codifies, expands, and strengthens the Saving on a Valuable Education (SAVE) plan that President Biden introduced in 2023.
Tell your senators to cosponsor the SOAR Act (S. 1220) to extend a lifeline to working families.