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ED/OPE

RIN: 1840-AD13

Publication ID: 2012

Title: ●150% Regulations
Abstract: We are proposing regulations to implement Public Law 112-14, which made changes to section 455 of the Higher Education Act of 1965, as amended (HEA). Specifically, we are regulating to implement the following -- (1) a new borrower on or after July 1, 2013 becomes ineligible to receive additional Direct Subsidized Loans if the period during which the borrower has received such loans exceeds 150% of the published length of the borrower's educational program, and (2) interest on all Direct Subsidized Loans that were disbursed to such borrower on or after July 1, 2013, shall accrue.
Agency: Department of Education(ED)	Priority: Other Significant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: 34 CFR ch VI     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: PL 112-14

Legal Deadline:  None

Timetable: Action Date FR Cite NPRM  06/00/2013

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Nathan Arnold Department of Education Office of Postsecondary Education 400 Maryland Avenue SW., Room 6W242, Washington, DC 20202 Phone:202 453-7874 Email: nathan.arnold@ed.gov