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:
|
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 |