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".
Summary
House Joint Resolution 88 is a proposal to use the Congressional Review Act to overturn a Department of Education rule that established the Saving on a Valuable Education (SAVE) plan. If passed and signed into law, the resolution would immediately eliminate the SAVE plan, which is a specific income-driven repayment option for federal student loans.