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Education Dept. Proposes New Rules on Student Loans

Education Dept. Proposes New Rules on Student Loans
July 17, 2012

The U.S. Education Department today proposed new rules governing federal student loans, which would, among other things, ease the process by which disabled borrowers could have their loans discharged, establish a new income-contingent repayment plan for direct student loans, and expand the government's income-based repayment program. The changes regarding borrowers with disabilities were prompted by concerns (many contained in a 2011 series by ProPublica) that they were being required to jump through far too many hoops to have their loans forgiven. The rules emerged from a round of negotiations that the agency held last winter, and public comments on the proposed changes are due by Aug. 16.

 

 

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