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ED/OPE | RIN: 1840-AD53 | Publication ID: Spring 2021 |
Title: ●Borrower Defense | |
Abstract:
The Secretary proposes to amend regulations that determine what acts or omissions of an institution of higher education a borrower may assert as a defense to repayment of a loan made under the Federal Direct Loan Program and specify the consequences of such borrower defenses for borrowers, institutions, and the Secretary. Further the Secretary intends to review the use of class-action lawsuits and pre-dispute arbitration agreements for matters pertaining to borrower defense claims by schools receiving Title IV assistance under the Higher Education Act.
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Agency: Department of Education(ED) | Priority: Economically Significant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Prerule Stage |
Major: Yes | Unfunded Mandates: Undetermined |
CFR Citation: 34 CFR 30 34 CRR 668 34 CFR 674 34 CFR 682 34 CFR 685 34 CFR 686 ... (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 20 U.S.C.1082(a)(5), (a)(6) 20 U.S.C. 1087(a) 20 U.S.C. 1087e(h) 20 U.S.C. 1221e-3 20 U.S.C. 1226a-1 20 U.S.C. 1234(a) 31 U.S.C. 3711 ... |
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: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Jennifer Hong Director, Policy Coordination Group Department of Education 400 Maryland Avenue SW, Room 287-23, Washington, DC 20202 Phone:202 453-7805 Email: jennifer.hong@ed.gov |