1840-AD18 201410 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1840 Office of Postsecondary Education OPE 1800 Department of Education ED Pay As You Earn

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. 

]]> Other Significant First Time Published in The Unified Agenda Proposed Rule Stage Yes No Not Yet Determined Not Yet Determined Yes

The President has issued a memorandum directing the Secretary to propose regulations by June 9, 2015, that will allow additional student borrowers 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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The President directed the Secretary to propose regulations that will allow additional student borrowers Federal Direct Loans to cap their Federal student loan payments at 10 percent of their income.

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These will be discussed in the notice of proposed rulemaking.

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These will be discussed in the notice of proposed rulemaking.

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These will be discussed in the notice of proposed rulemaking.

]]> Notice of Intent to Establish Negotiated Rulemaking Committee 09/03/2014 79 FR 52273 NPRM 06/00/2015 Undetermined Undetermined Undetermined www.regulations.gov No No Wendy Macias 1840 Office of Postsecondary Education OPE 202 502-7526 wendy.macias@ed.gov Room 8056, Room 8017, 1990 K Street NW., Washington DC 20006