The Education Department just finished two rounds of negotiated rule making on financial aid issues -- one on student loan regulations and one on the rules that govern financial aid for teacher preparation programs -- but is already planning a third. The department will focus on creating new regulations to prevent fraud in financial aid programs, as well as possibly changing financial aid delivery to electronic funds transfers. The department may also "update and streamline" the rules for campus-based financial aid programs, such as Perkins Loans and Federal Work-Study, wrote David Bergeron, deputy assistant secretary for policy, planning, and innovation in the department's Office of Postsecondary Education.
Public hearings on the rule making process are scheduled for May 23 in Phoenix and May 31 in Washington, D.C.
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