[Federal Register Volume 59, Number 125 (Thursday, June 30, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-16001]


[[Page Unknown]]

[Federal Register: June 30, 1994]


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DEPARTMENT OF EDUCATION
34 CFR Part 668

RIN 1840-AC09

 

Student Assistance General Provisions

AGENCY: Department of Education.

ACTION: Notice of revised effective date; final regulations.

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SUMMARY: In the Federal Register of April 29, 1994 (59 FR 22278), the 
Secretary published interim final regulations with invitation to 
comment for the Student Assistance General Provisions, 34 CFR part 668. 
The Secretary is delaying the effective date of these regulations until 
July 1, 1994. By delaying the effective date, the Secretary seeks to 
reduce confusion about the effective date of these regulations by 
making the effective date consistent with the effective date of other 
changes to the regulations published by the Secretary at the same time.

EFFECTIVE DATES: These regulations take effect on July 1, 1994, with 
the exception of Sec. 668.17 (f) and (h) which will become effective 
after the information collection requirements contained in this section 
have been submitted by the Department of Education and approved by the 
Office of Management and Budget under the Paperwork Reduction Act of 
1980.

FOR FURTHER INFORMATION CONTACT: Pamela A. Moran, Acting Chief, Loans 
Branch, Division of Policy Development, Policy, Training, and Analysis 
Service, U.S. Department of Education, 400 Maryland Avenue, SW. (room 
4310, ROB-3), Washington, DC 20202-5449. Telephone: (202) 708-8242. 
Individuals who use a telecommunications device for the deaf (TDD) may 
call the Federal Information Relay Service (FIRS) at 1-800-877-8339 
between 8 a.m. and 8 p.m., Eastern time, Monday through Friday.

SUPPLEMENTARY INFORMATION: The interim final regulations which are 
subject to this change in effective date implement certain provisions 
of the Higher Education Technical Amendments of 1993 relating to the 
determination of institutional cohort default rates in the Federal 
Family Education Loan (FFEL) Program. The effective date of these 
regulations has been delayed until July 1, 1994 so that all of the 
regulations implementing changes to the Higher Education Act of 1965, 
as amended, (HEA), published by the Secretary on April 29, 1994 will 
take effect on July 1, 1994. The Secretary was informed that there was 
confusion about the effective date of the regulations because the other 
regulations published on April 29, 1994 and implementing changes to the 
HEA were not effective until July 1, 1994. The Secretary is delaying 
the effective date of these regulations to resolve the confusion and to 
afford participants in the FFEL program additional time to comply with 
the requirements of these regulations.

Waiver of Rulemaking

    In accordance with section 431(b)(2)(A) of the General Education 
Provisions Act (20 U.S.C. 1232(b)(2)(A)), and the Administrative 
Procedure Act (5 U.S.C. 553), it is the practice of the Secretary to 
offer interested parties the opportunity to comment on proposed 
regulations. However, because the Secretary is delaying the effective 
date of these regulations for only a brief period to reduce confusion 
and afford participants in the FFEL program additional time for 
compliance, the Secretary finds, in accordance with 5 U.S.C. 553(b)(B), 
that the solicitation of public comment on this change in the effective 
date would be impracticable and contrary to the public interest.

(Catalog of Federal Domestic Assistance Number: 84.032 Federal 
Family Education Loan Program)

    Dated: June 27, 1994.
Richard W. Riley,
Secretary of Education.
[FR Doc. 94-16001 Filed 6-29-94; 8:45 am]
BILLING CODE 4000-01-P