Ministry announces timetable for development of negotiated rules
The Education Department outlined its negotiated rule-making plan in an announcement Friday, asking for nominations for a committee that will begin meeting virtually in October.
The committee will help establish regulations relating to matters falling under Title IV of the Higher Education Act 1965, including forgiveness of public service loans, borrower defense against repayment, closed school holidays and reimbursement based on income. The ministry announced a total of nine issues to be negotiated.
“This regulatory committee will do the important work of improving borrowers’ access to the benefits that reduce the burden of federal student loans, including targeted discharges,” said Education Secretary Miguel Cardona. “We look forward to convening the committee and remain committed to the mission of better serving the students and borrowers of our country. “
The department is looking for negotiators to represent 16 constituencies, ranging from student loan borrowers to financial aid administrators at every type of higher education institution. In particular, it seeks applications from individuals who may bring the perspective of historically underserved groups or low-income communities.
The committee will meet October 4-8, November 1-5 and December 6-10.