Posted Date:September 5, 2017
|Author:||Lynn B. Mahaffie, Deputy Assistant Secretary for Policy, Planning, and Innovation|
Subject: Negotiated Rulemaking Committees--Negotiator Nominations and Schedule of Committee Meetings--Borrower Defenses/Financial Responsibility and Gainful Employment
On August 30, 2017, the Department published a notice in the Federal Register announcing its intent to establish two negotiated rulemaking committees to prepare proposed regulations to address: 1) gainful employment issues; and 2) borrower defenses to repayment of Federal student loans and other matters, the authority of guaranty agencies in the Federal Family Education Loan Program to charge collection costs to a defaulted borrower who enters into a repayment agreement with the guaranty agency, and limited financial responsibility issues, which will be addressed by a subcommittee.
The Federal Register notice also requested nominations for individual negotiators who represent key stakeholder constituencies for the issues to be negotiated to serve on the committees and announced a schedule for committee meetings. In addition, the notice requested nominations for individuals with pertinent expertise to participate on the financial responsibility subcommittee.
As provided in the Federal Register notice, the deadline for submitting nominations is Friday, September 29, 2017.
Complete information is provided in the Federal Register notice.