View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

ED/OPE RIN: 1840-AD70 Publication ID: Fall 2021 
Title: Public Service Loan Forgiveness 
Abstract:

The Higher Education Act of 1965 allows borrowers to receive loan forgiveness after 10 years of qualifying payments on qualifying loans while engaging in public service. The Department will propose improvements to this program in 34 CFR part 685.

 
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: Undetermined 
CFR Citation: 34 CFR 685   
Legal Authority: 20 U.S.C. 1087e   
Legal Deadline:  None

Statement of Need:

This rulemaking is necessary to make improvements that more closely align the Public Service Loan Forgiveness program with the statute and purpose of the program.

Summary of the Legal Basis:

We are conducting this rulemaking under 20 U.S.C. 1087e.  

Alternatives:

We have limited information about the alternatives at this time. 

Anticipated Costs and Benefits:

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

Risks:

We have limited information about the risks at this time. 

Timetable:
Action Date FR Cite
Notice of Intent to Commence Negotiating Rulemaking  05/26/2021  86 FR 28299   
NPRM  05/00/2022 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: Yes 
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