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ED/OPE RIN: 1840-AD71 Publication ID: Spring 2022 
Title: Interest Capitalization 

The Secretary plans to propose to amend 34 CFR 685.202, 685.209, 685.220, and 682.410 relating to circumstances where interest capitalization occurs on Federal student loans, such as when a borrower enters repayment, when a borrower exits forbearance, after defaulting on a Federal student loan, and in the numerous instances where interest capitalization may occur when a borrower is enrolled in an income driven repayment plan created by regulation under the income contingent repayment (ICR) authority.

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 685.202    34 CFR 685.209    34 CFR 685.220    34 CFR 682.410   
Legal Authority: 20 U.S.C. 1077    20 U.S.C. 1078    20 U.S.C. 1078-1    20 U.S.C. 1078-2    20 U.S.C. 1078-3    ...   
Legal Deadline:  None
Action Date FR Cite
Notice of Intent to Commence Negotiated Rulemaking  05/26/2021  86 FR 28299   
NPRM  06/00/2022 
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:
Scott Prince
Department of Education
Office of Postsecondary Education
400 Maryland Avenue SW,
Washington, DC 20202
Phone:202 453-5568