House votes to repeal Biden’s income-dri­ven repay­ment reg­u­la­tion

The House of Rep­re­sen­ta­tives vot­ed large­ly along par­ty lines Thurs­day to repeal a Biden admin­is­tra­tion reg­u­la­tion that allows stu­dent loan bor­row­ers to make small­er pay­ments on their loans if their annu­al earn­ings fall below a cer­tain thresh­old.
House Res­o­lu­tion 88, a Con­gres­sion­al Review Act res­o­lu­tion, passed the low­er cham­ber on a near-par­ty line, 210–189 vote. Two Democ­rats, Reps. Jared Gold­en (D‑ME) and Marie Glue­senkamp Perez (D‑WA), joined all Repub­li­cans to sup­port the res­o­lu­tion. Twen­ty-two Democ­rats and 12 Repub­li­cans did not vote.
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If enact­ed into law, the res­o­lu­tion would repeal the admin­is­tra­tion’s SAVE plan, which allows bor­row­ers to make pay­ments total­ing 5% of their dis­cre­tionary income above the pover­ty line. The reg­u­la­tion also allows a loan to be for­giv­en after 10 years of con­tin­u­ous pay­ments.
In a speech on the House floor pri­or to the vote, House Edu­ca­tion and Wor …