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ED/OPE | RIN: 1840-AD18 | Publication ID: Spring 2015 |
Title: Pay As You Earn | |
Abstract:
On June 9 2014, the President issued a memorandum (79 FR 33843) directing the Secretary to propose regulations by June 9, 2015, that will allow additional students who borrowed Federal Direct Loans to cap their Federal student loan payments at 10 percent of their income. The memorandum further directed the Secretary to issue final regulations after considering all public comments with the goal of making the repayment option available to borrowers by December 31, 2015. |
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Agency: Department of Education(ED) | Priority: Economically Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Yes | Unfunded Mandates: No |
CFR Citation: 34 CFR 682.202 34 CFR 685.202 34 CFR 685.208 34 CFR 685.209 | |
Legal Authority: 20 U.S.C. 1078 20 U.S.C. 1087e |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: Undetermined |
Federalism: Undetermined | |
Included in the Regulatory Plan: Yes | |
Public Comment URL: www.regulations.gov | |
RIN Data Printed in the FR: No | |
Agency Contact: Wendy Macias Department of Education Office of Postsecondary Education Room 8056, Room 8017, 1990 K Street NW., Washington, DC 20006 Phone:202 502-7526 Email: wendy.macias@ed.gov |