Publication Date
May 10, 2024
Posted Date
May 10, 2024
Subject
Comment Request: US Department of Education Pre-Authorized Debit Account Brochure and Application
FR Type
Notice
The Pre-authorized Debit Account Brochure and Application (PDA Application) serves as the means by which an individual with a defaulted federal education debt (student loan or grant overpayment) that is held by the U.S. Department of Education (ED) requests and authorizes the automatic debiting of payments toward satisfaction of the debt from the borrower's checking or savings account. The PDA Application explains the automatic debiting process and collects the individual's authorization for the automatic debiting and the bank account information needed by ED to debit the individual's account.
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