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ED/OPE | RIN: 1840-AD53 | Publication ID: Spring 2022 |
Title: Borrower Defense(Section 610 Review) | |
Abstract:
The Secretary proposes to amend regulations in 34 CFR parts 30, 668, 674, 682, 685, and 686 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 and Federal Family Education Loan Programs 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: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Yes | Unfunded Mandates: Undetermined |
RFA Section 610 Review: Section 610 Review | |
CFR Citation: 34 CFR 30 34 CFR 668 34 CFR 674 34 CFR 682 34 CFR 685 34 CFR 686 | |
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: Yes | Government Levels Affected: Undetermined |
Small Entities Affected: Businesses | Federalism: Undetermined |
Included in the Regulatory Plan: Yes | |
RIN Data Printed in the FR: Yes | |
Agency Contact: Scott Prince Department of Education Office of Postsecondary Education 400 Maryland Avenue SW, Washington, DC 20202 Phone:202 453-5568 Email: scott.prince@ed.gov |