1840-AD81 202210 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1840 Office of Postsecondary Education OPE 1800 Department of Education ED Improving Income Driven Repayment

The Secretary plans to propose amendments to the regulations governing income-contingent repayment plans by amending the Revised Pay as You Earn (REPAYE) repayment plan, and to restructure and rename the repayment plan regulations under the William D. Ford Federal Direct Loan (Direct Loan) Program, including combining the Income Contingent Repayment (ICR) and the Income-Based Repayment (IBR) plans under the umbrella term of Income-Driven Repayment (IDR) plans.

]]> Economically Significant First Time Published in The Unified Agenda Proposed Rule Stage Yes No 34 CFR 685 20 U.S.C. 1070g 20 U.S.C. 1087a, et seq. Yes

This rulemaking is necessary to make improvements to the income- driven repayment plans created under the ICR authority in Higher Education Act of 1965 that allows the Secretary to cap payments at a set share of a borrower’s income.

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20 U.S.C. 1070g, 1087a, et seq., unless otherwise noted.

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We have limited information about the alternatives at this time.

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We have limited information about the anticipated costs and benefits at this time.

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We have limited information about the risks at this time.

]]> Notice of Intent to Commence Negotiated Rulemaking 05/26/2021 86 FR 28299 NPRM 12/00/2022 No No None No No No No Tamy Abernathy 1840 Office of Postsecondary Education OPE 202 245-4595 negregnprmhelp@ed.gov 400 Maryland Avenue SW, Washington DC 20202