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U.S. Proposes New Rules on Student Loans

U.S. Proposes New Rules on Student Loans
July 23, 2009

The U.S. Education Department proposed regulations today to carry out new federal laws governing student loans that were enacted when Congress renewed the Higher Education Act last summer. The proposed rules, which were published in this morning's Federal Register, emerged from two sets of negotiations that the Education Department sponsored last winter to solicit guidance about how to carry out provisions in the Higher Education Opportunity Act related to student loans. Because negotiators reached consensus on virtually all aspects of the student loan provisions, the proposed rules -- which cover such areas as loan discharge, repayment plans, and a set of disclosure and other requirements for lenders and colleges in the federal and private student loan programs -- should be relatively unsurprising.

 

 

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