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2020-06-02
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Annual Updates to the Income-Contingent Repayment (ICR) Plan Formula for 2020-William D. Ford Federal Direct Loan Program
Notices
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United States
Department of Education
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United States Government Agency or Subagency
The Secretary announces the annual updates to the ICR plan formula for 2020 to give notice to borrowers and the public regarding how monthly ICR payment amounts will be calculated for the 2020-2021 year under the William D. Ford Federal Direct Loan (Direct Loan) Program, Catalog of Federal Domestic Assistance number 84.063.
85 FR 33639
https://www.govinfo.gov/app/details/FR-2020-06-02/2020-11818
2020-11818
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https://www.govinfo.gov/app/details/FR-2020-06-02/2020-11818
https://www.govinfo.gov/content/pkg/FR-2020-06-02/html/2020-11818.htm
https://www.govinfo.gov/content/pkg/FR-2020-06-02/pdf/2020-11818.pdf
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85 FR 33639
Annual Updates to the Income-Contingent Repayment (ICR) Plan Formula for 2020-William D. Ford Federal Direct Loan Program; Federal Register Vol. 85, Issue
NOTICE
2020-11818
DEPARTMENT OF EDUCATION
4000-01-P
2020-11818
Notice.
The Secretary announces the annual updates to the ICR plan formula for 2020 to give notice to borrowers and the public regarding how monthly ICR payment amounts will be calculated for the 2020-2021 year under the William D. Ford Federal Direct Loan (Direct Loan) Program, Catalog of Federal Domestic Assistance number 84.063.
The adjustments to the income percentage factors for the ICR plan formula contained in this notice are applicable from July 1, 2020, to June 30, 2021, for any borrower who enters the ICR plan or has his or her monthly payment amount recalculated under the ICR plan during that period.
Travis Sturlaugson, U.S. Department of Education, 830 First Street NE, Room 113H3, Washington, DC 20202. Telephone: (202) 377-4174. Email: travis.sturlaugson@ed.gov.
travis.sturlaugson@ed.gov
studentaid.gov/loan-simulator
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Vol. 85, no. 106
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2020-06-02
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