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ED/OPE

RIN: 1840-AD17

Publication ID: Spring 2014

Title: ●Title IV of the HEA--Definition of Adverse Credit for Direct PLUS Loan Eligibility
Abstract: The Department proposes amending our regulations on the definition of "adverse credit." We make Direct PLUS Loans to parents of dependent undergraduate students and to graduate and professional students. To be eligible to receive a Direct PLUS Loan, the applicant must not have an "adverse credit" history as determined pursuant to regulations promulgated by the Secretary.
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 685
Legal Authority: 20 USC 1078-2

Legal Deadline:  None

Timetable: Action Date FR Cite NPRM  07/00/2014

Regulatory Flexibility Analysis Required: Undetermined	Government Levels Affected: Undetermined
Federalism: No
Included in the Regulatory Plan: No
RIN Information URL: www2.ed.gov/policy/highered/reg/hearulemaking/2012/programintegrity.html	Public Comment URL: www.regulations.gov
RIN Data Printed in the FR: No
Agency Contact: Gail McLarnon Department of Education Office of Postsecondary Education Room 8026, 1990 K Street NW, Washington, DC 20006-8502 Phone:202 453-6914