Type:Rule
Citation:89 FR 107000
Reading Time:about 4 minutes
The Department of Education published a correction to a previous regulation related to income-driven repayment for student loans. This document addresses a technical error regarding the exclusion of periods in in-school deferment from counting toward loan forgiveness, which was previously explained but omitted from the regulatory text. The correction is intended to align the regulations with what was originally stated in the preamble, without introducing any new rules. The amendment is effective immediately as of its publication date on December 31, 2024.
Simple Explanation
The government fixed a mistake in their rules about how students pay back school loans, making sure what they said before matches what's written now, without changing any important parts.