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ED/OPE RIN: 1840-AD12 Publication ID: 2012 
Title: ●Transitioning from the FFEL Program to the Direct Loan Program and Loan Rehabilitation under the FFEL, Direct Loan, and Perkins Loan Programs 
Abstract: The Secretary proposes amendments to the title IV, HEA student assistance regulations to (a) reflect that, as of July 1, 2010, under the SAFRA Act, no new FFEL Program loans will be made, (b) allow a borrower to get out of default on his or her loans if the borrower makes 9 reasonable and affordable payments over a 10-month period, and (c) make other improvements to the DL, FFEL, and Perkins Loan programs. 
Agency: Department of Education(ED)  Priority: Economically Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 34 CFR ch VI     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 20 USC 1070a    20 USC 1071 to 1087-4    20 USC 1087a to 1087j    20 USC 1098e    PL 111-152   
Legal Deadline:  None

Statement of Need: The proposed regulations are needed amend the FFEL and Direct Loan program regulations to reflect changes made to the Higher Education Act of 1965, as amended (HEA), by the SAFRA Act included in the Health Care and Education Reconciliation Act of 2010; incorporate other recent statutory changes in the Direct Loan Program regulations; update, strengthen, and clarify various areas of the Student Assistance General Provisions, Perkins Loan, FFEL, and Direct Loan program regulations; and provide for greater consistency in the regulations governing the title IV, HEA student loan programs.

Anticipated Costs and Benefits: We will provide a comprehensive discussion of the anticipated costs and benefits in the NPRM.

Timetable:
Action Date FR Cite
NPRM  03/00/2013 
Additional Information: Includes Retrospective Review under E.O. 13563.
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: Yes 
Public Comment URL: www.regulations.gov  
RIN Data Printed in the FR: No 
Agency Contact:
David Bergeron
Department of Education
Office of Postsecondary Education
Room 8022, 1990 K Street NW.,
Washington, DC 20006
Phone:202 502-7815
Email: david.bergeron@ed.gov