First NPRM from Spring Negotiated Rule-making Sessions

On July 23, the Department of Education released a Notice of Proposed Rule-making (NPRM) on the HEOA loan provisions negotiated by Team I this spring. (Federal Register. Vol. 74, No. 140.)

Team I reached consensus on the loan provisions affecting lenders it considered during negotiations. These provisions constitute the bulk of the NPRM. Team II considered loan provisions from the school perspective. Team II had responsibility for defining a number of terms. Since a number of them were pertinent to the issues of both teams, they are included in this NPRM and will be included in the NPRM based on Team II’s consensus.

Comments are due by August 24.