H.J. Res. 88, a joint resolution providing for Congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to “Improving Income Driven Repayment for the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan (FFEL) Program”
Cost Estimate
As ordered reported by the House Committee on Education and the Workforce on September 14, 2023
H.J. Res. 88 would disapprove the final rule relating to “Improving Income Driven Repayment for the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan (FFEL) Program” issued by the Department of Education and published in the Federal Register on July 10, 2023. (That rule created a new income-driven repayment plan called Saving on a Valuable Education, or SAVE.) The resolution would invoke a legislative process established by the Congressional Review Act, which would repeal the rule and prohibit the department from issuing the same or similar rules in the future.
