A federal appeals court ordered the end to the SAVE plan, the Biden administration-era program used by millions of student loan borrowers.
Down payments for homes have doubled to $30,400 since 2019, and Senator Rick Scott's bill would create tax-exempt savings accounts for first-time buyers.
A jumbo reverse mortgage allows older homeowners with expensive properties to borrow substantially more capital than FHA limits allow, up to $4 million.
The Department of Education says it plans to move all borrowers still enrolled in the Saving for a Valuable Education to a new repayment plan.