# 119-hr-8475: Savings Opportunity and Affordable Repayment Act

119-hr-8475, Savings Opportunity and Affordable Repayment Act, is a 119th Congress bill sponsored by Rep. DeLauro, Rosa L. [D-CT-3] (D-CT); status introduced; PRIA reads it as touching household money (as of 2026-10-30).

- Canonical: https://policyrisk.com/legislation/119-hr-8475
- As of: 2026-10-30
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8475
- Congress: 119
- Title: Savings Opportunity and Affordable Repayment Act
- Status: introduced
- Introduced: 2026-04-23
- Sponsor: Rep. DeLauro, Rosa L. [D-CT-3] (D-CT)
- Cosponsors: 11
- Policy area: Education
- Touches household money: yes
- Last recorded action: 2026-10-30

## Summary

**Creates a new SAV (Savings Opportunity and Affordable Repayment) income-driven plan that would tie monthly payments to poverty-level income and change how PAYE and ICR are phased out.** - Low-income borrowers: Would owe $0 monthly on the portion of adjusted gross income up to 250% of the poverty line. Above that, payments would be a share of income with the undergraduate loan share capped at 5% of that excess income. - Loan cancellation: Remaining balances would be automatically canceled after 10 years for borrowers with only undergraduate loans and after 15 years for borrowers with other or mixed loan types. - Household and administration rules: Married borrowers who file separately or certify separation would have payments based only on their AGI, otherwise spouse income is included and payments are adjusted by each spouse's loan share. The bill would limit re-enrollment in PAYE and ICR after 2 years and would require annual income verification plus automatic tracking and cancellation by the Secretary.

## Cosponsors (11)

- Rep. Bonamici, Suzanne [D-OR-1] (D-OR), 2026-10-26T00:00:00.000Z
- Rep. Simon, Lateefah [D-CA-12] (D-CA), 2026-04-23T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2026-04-23T00:00:00.000Z
- Rep. Pingree, Chellie [D-ME-1] (D-ME), 2026-04-23T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2026-04-23T00:00:00.000Z
- Rep. Casar, Greg [D-TX-35] (D-TX), 2026-04-23T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2026-04-23T00:00:00.000Z
- Rep. Jayapal, Pramila [D-WA-7] (D-WA), 2026-04-23T00:00:00.000Z
- Rep. Goldman, Daniel S. [D-NY-10] (D-NY), 2026-04-27T00:00:00.000Z
- Rep. Craig, Angie [D-MN-2] (D-MN), 2026-04-27T00:00:00.000Z
- Rep. Grijalva, Adelita S. [D-AZ-7] (D-AZ), 2026-05-20T00:00:00.000Z

## Provisions PRIA read

- Automatic loan cancellation rules: benefit, high. If enacted, the Secretary would automatically cancel your remaining SAV loan balance after you meet the payment and time rules. You would get cancellation after 120 qualifying monthly payments (at least 10 years) if you only repaid short undergraduate loans. If you have any non-undergraduate loan,…
- How SAV monthly payments work: benefit, medium. If enacted, your SAV monthly amount would be based on your (and spouse's) AGI versus 250% of the poverty line. If combined AGI is at or below that level, your payment would be $0. For income above that, 5% of the excess tied to your undergraduate loan share and 10% of the rest would be divided by 1…
- New SAV income-based plan: benefit, medium. If enacted, the bill would create a new income-driven plan called SAV for loans made, insured, or guaranteed under Title IV part B or D. SAV would become available 180 days after enactment. The plan would give a new way to set monthly payments based on your income and loan mix.
- Annual checks and recertification rules: cost, medium. If enacted, the Secretary would require yearly income and family-size verification to stay in SAV. You would need to allow IRS tax data sharing or provide documents. The Department must give forbearance while it processes alternative documentation. If you fail to provide required information on tim…
- Phase-out of PAYE and ICR access: mixed, medium. If enacted, two years after enactment most new borrowers would no longer be able to enroll in PAYE or ICR. Before that date, PAYE would still be available for those who meet the existing partial financial hardship rules at entry. After two years, borrowers who leave PAYE or ICR generally could not…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-7973: Momnibus Act
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- 119-hr-2086: Rights for the TSA Workforce Act
- 119-hr-5390: FAMILY Act

## Sources
- [119-hr-8475 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8475)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [119-hr-2086: Rights for the TSA Workforce Act](https://policyrisk.com/legislation/119-hr-2086)
- [119-hr-5390: FAMILY Act](https://policyrisk.com/legislation/119-hr-5390)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8475 (as of 2026-10-30).