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Blocking New, Improved Federal Student Loan Income-Driven Repayment Rules.

This resolution seeks to nullify a new Department of Education rule designed to improve Income Driven Repayment (IDR) programs for federal student loans. If adopted, the planned benefits and easier terms for borrowers under the William D. Ford Federal Direct Loan and FFEL Programs will not take effect. Consequently, student loan repayment rules will remain unchanged, preventing borrowers from accessing the proposed favorable conditions.
Key points
Main Goal: Congress aims to disapprove the Department of Education's rule intended to improve federal student loan repayment terms (IDR).
Consequence for Borrowers: If the resolution passes, improved, potentially more favorable student loan repayment conditions (Direct Loan and FFEL) will not be implemented.
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VOTING RESULTS
2023-11-16
51%
For 49
Against 50
Abstain 0
Full voting results open_in_new
Failed
Citizen Poll
No votes cast
Additional Information
Print number: 118_SJRES_43
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2023-09-05
Voting date: 2023-11-16
Voting no: 310