# 117-hr-8700: Simplifying Student Loans Act

117-hr-8700, Simplifying Student Loans Act, is a 117th Congress bill sponsored by Rep. Wild, Susan [D-PA-7] (D-PA); status Referred to the House Committee on Education and Labor. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-8700
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-8700
- Congress: 117
- Title: Simplifying Student Loans Act
- Status: Referred to the House Committee on Education and Labor.
- Introduced: 2022-08-09
- Sponsor: Rep. Wild, Susan [D-PA-7] (D-PA)
- Cosponsors: 2
- Policy area: Education
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Simplifying Student Loans Act This bill phases out existing repayment plans for federal student loans and replaces them with one fixed repayment plan and one income-based repayment plan. The Department of Education must offer all borrowers a choice between the two new plans and allow borrowers of loans made prior to July 1, 2023, the option of continuing repayment under their original plan or electing to repay under one of the new plans. The bill also establishes a 1% interest rate on federal student loans made to borrowers on or after July 1, 2023.

## Cosponsors (2)

- Rep. Axne, Cynthia [D-IA-3] (D-IA), 2022-09-06T00:00:00.000Z
- Rep. Malinowski, Tom [D-NJ-7] (D-NJ), 2022-09-13T00:00:00.000Z

## Related bills

- 117-hr-1667: Dr. Lorna Breen Health Care Provider Protection Act
- 117-hr-1448: PAWS for Veterans Therapy Act
- 117-hr-3537: Accelerating Access to Critical Therapies for ALS Act
- 117-hr-263: Big Cat Public Safety Act
- 117-hr-8404: Respect for Marriage Act
- 117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act

## Sources
- [117-hr-8700 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/8700)

## Related
- [117-hr-1667: Dr. Lorna Breen Health Care Provider Protection Act](https://policyrisk.com/legislation/117-hr-1667)
- [117-hr-1448: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/117-hr-1448)
- [117-hr-3537: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/117-hr-3537)
- [117-hr-263: Big Cat Public Safety Act](https://policyrisk.com/legislation/117-hr-263)
- [117-hr-8404: Respect for Marriage Act](https://policyrisk.com/legislation/117-hr-8404)
- [117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1842)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-8700 (as of 2025-11-18).