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ED/OPE | RIN: 1840-AD87 | Publication ID: Fall 2024 |
Title: Third-Party Servicers and Related Issues | |
Abstract:
The Secretary plans to amend regulations on third-party servicers under the Higher Education Act of 1965, as amended (HEA), related to existing guidance on third-party servicers; reporting requirements; financial or other compliance requirements; and past performance requirements as a component of ongoing institutional eligibility for participation in Federal student financial aid. This regulation was included in a notice of intent to commence rulemaking which included 3 days of virtual public hearings on this topic on April 11-13, 2024, giving the public an opportunity to share their views on this regulation. |
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Agency: Department of Education(ED) | Priority: Section 3(f)(1) 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 668.25 34 CFR 682.416 | |
Legal Authority: 20 U.S.C. 1094 20 U.S.C. 1078 20 U.S.C. 1082 |
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 | |
Public Comment URL: www.regulations.gov | |
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 Email: scott.prince@ed.gov |