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2016-08-13
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Notice Inviting Postsecondary Educational Institutions To Participate in Experiments Under the Experimental Sites Initiative; Federal Student Financial Assistance Programs Under Title IV of the Higher Education Act of 1965, as Amended
Notices
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D09002ee1c240d732
United States
Department of Education
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United States Government Agency or Subagency
The Secretary invites institutions of higher education (institutions) that participate in the Federal student financial assistance programs authorized under title IV of the Higher Education Act of 1965, as amended (HEA), to apply to participate in a new institutional experiment under the Experimental Sites Initiative (ESI). Under the ESI, the Secretary has authority to grant waivers of certain title IV, HEA statutory or regulatory requirements to allow a limited number of institutions to participate in experiments to test alternative methods of administering the title IV, HEA programs. The alternative methods of title IV, HEA administration that the Secretary is permitting under this ESI experiment are designed to facilitate efforts by institutions to evaluate certain innovative loan counseling practices that can prepare students to manage their college finances, inform them about their student loan repayment options, and ensure students are well-prepared to repay their loans on time. Under this experiment, participating institutions will have the flexibility to require additional loan counseling for student borrowers beyond the statutorily required one-time entrance and one-time exit counseling as a condition for the students to receive Direct Loan funds, and to customize counseling based on students' needs.
81 FR 54052
https://www.govinfo.gov/app/details/FR-2016-08-15/2016-19297
2016-19297
fr15au16-46
4000-01-P
https://www.govinfo.gov/app/details/FR-2016-08-15/2016-19297
https://www.govinfo.gov/content/pkg/FR-2016-08-15/html/2016-19297.htm
https://www.govinfo.gov/content/pkg/FR-2016-08-15/pdf/2016-19297.pdf
5 p.
54052
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81 FR 54052
Notice Inviting Postsecondary Educational Institutions To Participate in Experiments Under the Experimental Sites Initiative; Federal Student Financial Assistance Programs Under Title IV of the Higher Education Act of 1965, as Amended; Federal Register Vol. 81, Issue
NOTICE
2016-19297
DEPARTMENT OF EDUCATION
4000-01-P
2016-19297
Notice.
The Secretary invites institutions of higher education (institutions) that participate in the Federal student financial assistance programs authorized under title IV of the Higher Education Act of 1965, as amended (HEA), to apply to participate in a new institutional experiment under the Experimental Sites Initiative (ESI). Under the ESI, the Secretary has authority to grant waivers of certain title IV, HEA statutory or regulatory requirements to allow a limited number of institutions to participate in experiments to test alternative methods of administering the title IV, HEA programs. The alternative methods of title IV, HEA administration that the Secretary is permitting under this ESI experiment are designed to facilitate efforts by institutions to evaluate certain innovative loan counseling practices that can prepare students to manage their college finances, inform them about their student loan repayment options, and ensure students are well-prepared to repay their loans on time. Under this experiment, participating institutions will have the flexibility to require additional loan counseling for student borrowers beyond the statutorily required one-time entrance and one-time exit counseling as a condition for the students to receive Direct Loan funds, and to customize counseling based on students' needs.
Letters of Interest to participate in the experiment described in this notice must be received by the Department no later than September 29, 2016 to ensure that the Department considers the institution for participation in the experiment. Letters received after September 29, 2016 may, at the discretion of the Secretary, be considered for participation.
Warren Farr, U.S. Department of Education, Federal Student Aid, 830 First Street NE., Washington, DC 20002. Telephone: (202) 377-4380 or by email at: Warren.Farr@ed.gov.
Federal Student Financial Assistance Programs:
Experimental Sites Initiative
,
experimentalsites@ed.gov
Warren.Farr@ed.gov
www.federalregister.gov
www.gpo.gov/fdsys
Federal Register
Vol. 81, no. 157
Office of the Federal Register, National Archives and Records Administration
2016-08-15
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Table of Contents:
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https://www.govinfo.gov/app/details/FR-2016-08-15
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https://www.govinfo.gov/app/details/FR-2016-08-15
https://www.govinfo.gov/content/pkg/FR-2016-08-15/pdf/FR-2016-08-15.pdf
https://www.govinfo.gov/content/pkg/FR-2016-08-15/xml/FR-2016-08-15.xml
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