S.J.Res. 43
Cancelling the plan avoids large projected federal loan costs.
Medium confidence
AI score: +2 from claude-opus-5-5. Compare the models
Nullifies the SAVE income-driven repayment plan, raising monthly payments for many borrowers.
High confidence
AI scores averaged: −1 from typesafe:jev-1.13.0, −2 from claude-opus-5-5. Compare the models
This joint resolution nullifies the final rule submitted by the Department of Education titled Improving Income Driven Repayment for the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan (FFEL) Program and published on July 10, 2023. The rule creates a new income-driven repayment plan called the Saving on a Valuable Education (SAVE) plan.
Summary by the Congressional Research Service, introduced in senate version.
On the Joint Resolution, Nov 15, 2023 · Joint Resolution Defeated