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REVIEW OF FEDERAL STUDENT FINANCIAL AID REGULATIONS

PublicationDate: 9/2/99
Summary: REVIEW OF FEDERAL STUDENT FINANCIAL AID REGULATIONS
Author: OS - Office of the Secretary of the U.S. Department of Education

TO: FINANCIAL AID COMMUNITY
FROM: JAMES GETTE, LEGAL COUNSEL

RE: REVIEW OF FEDERAL STUDENT FINANCIAL AID REGULATIONS

DATE: SEPTEMBER 2, 1999

As part of an ongoing process for improving our student financial assistance regulations and in preparation for a report to be submitted to Congress in October, the Department of Education is reviewing its regulations relating to student financial aid. As part of that review, we are soliciting the views of our customers and partners - including students, schools, and financial institutions. To participate in this review, you can send comments to us at ODS_regs@ed.gov. You can also attend one of several topic and regional sessions with Department staff. These listening sessions are intended to surface regulatory issues, to identify regulatory sections in need of improvement, and to talk about an ongoing process for regulatory reform.

The listening session schedule is as follows:

Topic Sessions in Washington D.C.
September 13 (8:30 to 12:30) Lender and Guaranty Agency Issues
September 13 (1:30 to 5:30) Loan Issues
September 14 (8:30 to 12:30) Refunds, Program and Student Eligibility Issues
September 14 (1:30 to 5:30) Institutional Eligibility Issues

Regional Sessions
September 17 (9:00*) Atlanta
September 24 (9:00*) Chicago
September 27 (9:00*) San Francisco

*Participants can begin registering to make statements at 8:30.

Following the listening sessions, we will synthesize the information we collect, as well as our own analysis of our regulations, and present it in a report to Congress in October. This initial report will chronicle the issues identified at the listening sessions and outline the process for continuing our work on regulatory reform. For further information visit our regulatory review website at http://www.ed.gov/offices/ODS/regreview/or contact Colleen McGinnis (202-708-7263 or Colleen_McGinnis@ed.gov).