Search Results for keywords:"Federal Family Education Loan Program"

The U.S. Department of Education has decided to withdraw a proposed rule that aimed to offer targeted student debt relief, clarify existing debt collection regulations, and specify conditions under which the Secretary could use their authority to waive student loan repayments. The Department received almost 150,000 comments on the proposal but identified operational challenges in implementing the changes. With the current administration focusing on helping borrowers return to repayment, especially after a recent support period, the decision to withdraw allows the Department to reconsider its approach and maintain flexibility for future initiatives. The decision does not change the Department's belief in its authority under the Higher Education Act to offer such debt relief.

The Department of Education is seeking public comments on its proposal to extend, without change, the approval for a collection of information under the Paperwork Reduction Act of 1995. This information collection, titled "Reaffirmation Agreement," relates to loans under the Federal Family Education Loan Program and the William D. Ford Federal Direct Loan Program. The public is invited to submit their comments on whether this collection is necessary, accurate, and how it might be improved to reduce the burden on responders, by April 26, 2021. This is part of the Department’s efforts to ensure that its information collection requirements are clear and not overly burdensome to the public.