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Based on the bill's title, this legislation would amend the Higher Education Act of 1965 to create a new income-contingent repayment plan for federal student loans called the Savings Opportunity and Affordable Repayment (SOAR) plan. The bill has been referred to the House Committee on Education and Workforce but the full text is not yet available, so the specific terms and mechanics of this repayment option cannot be determined from the title alone.
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