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SAVE Plan Act: Student Loan Repayment Relief Becomes Law

This act aims to codify the existing regulations related to the SAVE Plan for student loan repayment into enacted law. This means that the rules designed to ease student debt burdens, such as lower monthly payments, will be permanently secured, providing students and graduates with greater certainty regarding their repayment terms. Citizens can therefore expect more stable and predictable conditions for managing their educational obligations.
Key points
Regulations for the SAVE student loan repayment plan, which lower monthly payments, are being made permanent law.
Citizens with student loans gain greater certainty and stability in their debt repayment terms.
The change aims to simplify personal financial management for individuals burdened by educational loans.
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Additional Information
Print number: 118_HR_6593
Sponsor: Rep. Goldman, Daniel S. [D-NY-10]
Process start date: 2023-12-05
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Codifying SAVE Plan Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6593.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-12-05.

What are the main provisions?

Key points include:

  • Regulations for the SAVE student loan repayment plan, which lower monthly payments, are being made permanent law.
  • Citizens with student loans gain greater certainty and stability in their debt repayment terms.
  • The change aims to simplify personal financial management for individuals burdened by educational loans.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Goldman, Daniel S. [D-NY-10].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and the Workforce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Education Benefits Economy