United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2012_register executive 2012-11-01 article Part II Rules and Regulations D09002ee1c7fc3c22 D09002ee1c7fc3cad United States Department of Education originator org United States Government Agency or Subagency The Secretary amends the Federal Perkins Loan (Perkins Loan) program, Federal Family Education Loan (FFEL) program, and William D. Ford Federal Direct Loan (Direct Loan) program regulations. These final regulations implement a new Income-Contingent Repayment (ICR) plan in the Direct Loan program based on the President's "Pay As You Earn" repayment initiative, incorporate recent statutory changes to the Income-Based Repayment (IBR) plan in the Direct Loan and FFEL programs, and streamline and add clarity to the total and permanent disability (TPD) discharge process for borrowers in loan programs under title IV of the Higher Education Act of 1965, as amended (HEA). These final regulations implementing a new ICR plan and the statutory changes to the IBR plan will assist borrowers in repaying their loans while the changes to the TPD discharge process will reduce burden for borrowers who are disabled and seeking a discharge of their title IV debt. 77 FR 66088 https://www.govinfo.gov/app/details/FR-2012-11-01/2012-26348 2012-26348 fr01no12-5 RIN 1840-AD05 4000-01-P Docket ID ED-2012-OPE-0010 https://www.govinfo.gov/app/details/FR-2012-11-01/2012-26348 https://www.govinfo.gov/content/pkg/FR-2012-11-01/html/2012-26348.htm https://www.govinfo.gov/content/pkg/FR-2012-11-01/pdf/2012-26348.pdf Administrative Practice and Procedure Colleges and Universities Education Loan Programs-Education Reporting and Recordkeeping Requirements Student Aid Vocational Education 60 p. 66088 66147 77 FR 66088 Title 34 Part 674 34 CFR Part 674 Title 34 Part 682 34 CFR Part 682 Title 34 Part 685 34 CFR Part 685 RIN 1840-AD05 Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program; Federal Register Vol. 77, Issue RULE 2012-26348 II DEPARTMENT OF EDUCATION 2013-07-01 Docket ID ED-2012-OPE-0010 4000-01-P 2012-26348 Final regulations.

The Secretary amends the Federal Perkins Loan (Perkins Loan) program, Federal Family Education Loan (FFEL) program, and William D. Ford Federal Direct Loan (Direct Loan) program regulations. These final regulations implement a new Income-Contingent Repayment (ICR) plan in the Direct Loan program based on the President's "Pay As You Earn" repayment initiative, incorporate recent statutory changes to the Income-Based Repayment (IBR) plan in the Direct Loan and FFEL programs, and streamline and add clarity to the total and permanent disability (TPD) discharge process for borrowers in loan programs under title IV of the Higher Education Act of 1965, as amended (HEA). These final regulations implementing a new ICR plan and the statutory changes to the IBR plan will assist borrowers in repaying their loans while the changes to the TPD discharge process will reduce burden for borrowers who are disabled and seeking a discharge of their title IV debt.

Effective date: These regulations are effective July 1, 2013. For further information related to the Pay As You Earn repayment plan, and the IBR and ICR plans, Pamela Moran or Jon Utz at (202) 502-7732 or (202) 377-4040 or by email at: Pamela.Moran@ed.gov or Jon.Utz@ed.gov. For information related to Total and Permanent Disability Discharge, Gail McLarnon or Brian Smith at (202) 219-7048 or (202) 502-7551 or by email at Gail.McLarnon@ed.gov or Brian.Smith@ed.gov. If you use a telecommunications device for the deaf (TDD) or a text telephone (TTY), call the Federal Relay Service (FRS), toll free, at 1-800-877-8339. Administrative Practice and Procedure Colleges and Universities Education Loan Programs-Education Reporting and Recordkeeping Requirements Student Aid Vocational Education Federal Perkins Loan Program, Federal Family Education Loan Program, and William D. Ford Federal Direct Loan Program , Brian.Smith@ed.gov Gail.McLarnon@ed.gov Jon.Utz@ed.gov OIRA_DOCKET@omb.eop.gov Pamela.Moran@ed.gov http://aspe.hhs.gov/poverty/index.shtml http://nces.ed.gov/programs/digest/d10/tables/xls/tabn354.xls http://nces.ed.gov/programs/digest/d95/dtab309.asp http://nces.ed.gov/pubs2011/2011015.pdf http://studentaid.ed.gov/PORTALSWebApp/students/english/OtherFormsOfRepay.jsp http://trends.collegeboard.org/college_pricing/report_findings/indicator/Tuition_Fees_Over_Time http://www.bls.gov/ncs/ect/sp/ecsuphst.pdf http://www.disabilitydischarge.com/Pages/General.aspx?id=80 http://www.frbsf.org/publications/economics/letter/2011/el2011-09.html http://www.nber.org/papers/w12159 StudentLoans.gov www.federalregister.gov www.gpo.gov/fdsys www.whitehouse.gov/sites/default/files/omb/assets/omb/circulars/a004/a-4.pdf Vol. 77, no. 212 Office of the Federal Register, National Archives and Records Administration 2012-11-01 continuing daily deposited born digital 88 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2012-11-01 P0b002ee183744fb1 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr01no12 https://www.govinfo.gov/app/details/FR-2012-11-01 https://www.govinfo.gov/content/pkg/FR-2012-11-01/pdf/FR-2012-11-01.pdf https://www.govinfo.gov/content/pkg/FR-2012-11-01/xml/FR-2012-11-01.xml fdlp 66067 66147 DGPO 2012-11-01 2024-06-03 FR-2012-11-01 machine generated eng FR FR-2012-11-01 77 212