Medicare and Medicaid Programs, Clinical Laboratory Improvement Amendments (CLIA), and Patient Protection and Affordable Care Act; Additional Policy and Regulatory Revisions in Response to the COVID-19 Public Health Emergency

Repeal of the William D. Ford Federal Direct Loan Program Subsidized Usage Limit Restriction

Start Preamble

Office of Postsecondary Education, Department of Education.

Final rules.

The Secretary removes and amends rules to evolve with modifications made by the Consolidated Appropriations Act, 2021. Specifically, the Secretary removes the sponsored utilization loan restrict restriction (SULA) for any borrower who receives a Federal Direct Stafford Subsidized Loan first disbursed on or after July 1, 2021, whatever the award 12 months related to the loan. In addition, all subsidy advantages will probably be reinstated retroactively to the date on which the lack of subsidy was utilized for all Federal Direct Stafford Subsidized Loans with an excellent stability on July 1, 2021, and for all award years because the 2013-2014 award 12 months. The Secretary additionally removes rules associated to the sponsored Start Printed Page 31433utilization loan restrict restriction and makes different technical modifications.

Effective date: August 13, 2021.

Start Further Info

Tamy Abernathy, 400 Maryland Avenue SW, Room 2C-129, Washington, DC 20202. Telephone: (202) 453-5970. Email: [email protected]

If you utilize a telecommunications gadget for the deaf (TDD) or a textual content phone (TTY), name the Federal Relay Service (FRS), toll free, at 1-800-877-8339.

End Further Info
End Preamble
Start Supplemental Information

Background

Section 705(b) of the Consolidated Appropriations Act, 2021 authorizes the Secretary to implement the repeal of part 455(q) of the Higher Education Act of 1965, as amended, earlier than, however not later than, July 1, 2023. The Act additional supplies that the Secretary shall specify on what date and for which award years the implementation of such repeal will probably be efficient previous to July 1, 2023. The Secretary specifies that the implementation of the repeal will probably be efficient as of July 1, 2021 and can apply starting with the 2013-2014 award 12 months.

Through this regulatory motion, the Secretary removes 34 CFR 685.200(a)(2)(i)(A) and (B) and (f) and 685.304(a)(6)(xvi) and (b)(4)(xii) to mirror modifications to part 455(q) of the Higher Education Act of 1965, as amended (HEA), which established the sponsored utilization loan restrict. The sponsored utilization loan restrict was repealed by part 705(a) of the Consolidated Appropriations Act, 2021.

Under these rules, the sponsored utilization loan restrict is not going to apply to any borrower that receives a Federal Direct Stafford Subsidized Loan first disbursed on or after July 1, 2021, whatever the award 12 months related to the loan. In addition, within the case of a borrower who has a Federal Direct Subsidized Stafford Loan which is excellent as of July 1, 2021 and on which the borrower has been liable for curiosity as a result of the borrower exceeded the sponsored utilization loan restrict, the Department of Education (Department) will modify the borrower’s account to take away the curiosity that accrued and reapply the borrower’s funds accordingly. Any borrower who has sponsored loan eligibility could obtain further sponsored loans and won’t be topic to the sponsored utilization restrict.

Summary of the Major Provisions of This Regulatory Action

In these ultimate rules we take away 34 CFR 685.200(a)(2)(i)(A) and (B) and (f) and 685.304(a)(6)(xvi) and (b)(4)(xii) to mirror the repeal of part 455(q) of the HEA. In addition, we amend § 685.200(a)(2)(i) introductory textual content and redesignate § 685.304(b)(4)(xiii) and (xiv).

Borrower Eligibility (§ 685.200)

We take away a reference to eligibility necessities for first-time debtors from § 685.200(a)(2)(i)(A) and (B). Provisions specifying the restrictions on a borrower’s eligibility for Direct Subsidized Loans and the borrower’s duty for accruing curiosity in § 685.200(f) are eliminated.

Entrance Counseling (§ 685.304(a)(6)(xvi))

We take away the requirement that entrance counseling embody info on the limitation on eligibility of Federal Direct Stafford Subsidized Loans primarily based on the borrower’s sponsored utilization interval.

Exit Counseling (§ 685.304(b)(4)(xii))

We take away the requirement that exit counseling embody the next info on the limitation on eligibility for Federal Direct Subsidized Loans primarily based on the borrower’s sponsored interval:

(a) How the borrower’s most eligibility interval, remaining eligibility interval, and sponsored utilization interval are decided;

(b) The sum of the borrower’s sponsored utilization intervals on the time of the exit counseling;

(c) The penalties of continued borrowing or enrollment;

(d) The influence of the borrower changing into liable for accruing curiosity on whole student debt;

(e) That the Secretary will inform the student borrower of whether or not she or he is liable for accruing curiosity on his or her Direct Subsidized Loans; and

(f) That the borrower can entry the National Student Loan Data System (NSLDS) to find out whether or not she or he is liable for accruing curiosity on any Direct Subsidized Loans.

Waiver of Proposed Rulemaking

Under the Administrative Procedure Act (5 U.S.C. 553) (APA), the Department typically provides events the chance to touch upon proposed rules. However, the APA supplies that an company just isn’t required to conduct notice-and-comment rulemaking when the company, for good trigger, finds that the requirement is impracticable, pointless, or opposite to the general public curiosity (5 U.S.C. 553(b)(B) and (d)(3)). There is nice trigger to waive rulemaking on this case as a result of this ultimate regulatory motion removes rules for which the statutory authority has been repealed. This regulatory motion adopts no new rules and doesn’t set up or have an effect on substantive coverage. Furthermore, part 705(b) of the Consolidated Appropriations Act, 2021 authorizes the Secretary to implement the repeal of part 455(q) of the HEA earlier than, however not later than, July 1, 2023. The statute additional supplies that the Secretary shall specify in a designation on what date and for which award years the implementation of such repeal will probably be efficient previous to July 1, 2023. The repeal of part 455(q) of the HEA beneath part 705 of the Consolidated Appropriations Act, 2021 reverses the influence of SULA for affected debtors and acknowledges that SULA was first approved to be a short lived and cost-saving measure to the Federal Government. To totally implement the repeal, the Secretary has specified that the implementation of the repeal will probably be efficient starting with the 2013-2014 award 12 months, which was the primary 12 months that SULA was carried out. Implementing in any other case would permit for the rules to proceed to use to present students. Accordingly, we’re rescinding rules that aren’t legitimate as a result of we not have statutory authority to implement and doing so within the method that totally effectuates the repeal (i.e., the repeal will probably be efficient starting with the 2013-2014 award 12 months). Notice-and-comment rulemaking is pointless in that the Department doesn’t have discretion to retain these regulatory provisions or implement in a distinct method, no matter public opinion and enter.

While we do have discretion as to the efficient date of the rule (versus the award 12 months)—so long as it’s earlier than July 1, 2023—there isn’t a important substantive influence of the efficient date of the rule, as, whatever the efficient date offered, the rule must apply to all award years since SULA was carried out to completely effectuate the statute. Thus, with regard to all substantive features of the rule, we should not have discretion to implement in an alternate method primarily based on public enter. Therefore, beneath 5 U.S.C. 553(b)(B), the Secretary has decided that proposed rules are pointless, and, thus, waives notice-and-comment rulemaking.

In addition, beneath part 492 of the HEA (20 U.S.C. 1098a), all rules Start Printed Page 31434proposed by the Department for applications approved beneath title IV of the HEA are topic to negotiated rulemaking necessities. Section 492(b)(2) of the HEA supplies that negotiated rulemaking could also be waived for good trigger when its use could be “impracticable, unnecessary, or contrary to the public interest.” Section 492(b)(2) of the HEA additionally requires the Secretary to publish the premise for waiving negotiations within the Federal Register similtaneously the rules in query are first printed. There is nice trigger to waive the negotiated rulemaking requirement on this case, since, as defined above, discover and remark rulemaking is pointless on this case.

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Executive Orders 12866 and 13563

Regulatory Impact Analysis

Under Executive Order 12866, the Office of Management and Budget (OMB) determines whether or not this regulatory motion is “significant” and, due to this fact, topic to the necessities of the Executive order and topic to assessment by OMB. Section 3(f) of Executive Order 12866 defines a “significant regulatory action” as an motion more likely to lead to a rule which will—

(1) Have an annual impact on the economic system of $100 million or extra, or adversely have an effect on a sector of the economic system, productiveness, competitors, jobs, the surroundings, public well being or security, or State, native, or Tribal governments or communities in a fabric means (additionally known as an “economically significant” rule);

(2) Create severe inconsistency or in any other case intervene with an motion taken or deliberate by one other company;

(3) Materially alter the budgetary impacts of entitlement grants, person charges, or loan applications or the rights and obligations of recipients thereof; or

(4) Raise novel authorized or coverage points arising out of authorized mandates, the President’s priorities, or the rules acknowledged within the Executive order.

OMB has decided that this rule is an economically important motion and would have an annual impact on the economic system of greater than $100 million. This rule restores subsidy advantages for debtors holding roughly $2.4 billion in excellent loans and permits present and future debtors to borrow further sponsored loans. Given the dimensions of Federal student help quantities disbursed yearly, the addition of even small proportion modifications might lead to transfers between the Federal Government and students of greater than $100 million on an annualized foundation.

Pursuant to Subtitle E of the Small Business Regulatory Enforcement Fairness Act of 1996 (also called the Congressional Review Act) (5 U.S.C. 801 et seq.), the Office of Information and Regulatory Affairs (OIRA) designated this rule as a “major rule,” as outlined by 5 U.S.C. 804(2).

We have additionally reviewed this regulatory motion beneath Executive Order 13563, which dietary supplements and explicitly reaffirms the rules, buildings, and definitions governing regulatory assessment established in Executive Order 12866. To the extent permitted by legislation, Executive Order 13563 requires that an company—

(1) Propose or undertake rules solely upon a reasoned willpower that their advantages justify their prices (recognizing that some advantages and prices are tough to quantify);

(2) Tailor its rules to impose the least burden on society, in step with acquiring regulatory targets and making an allowance for—amongst different issues and to the extent practicable—the prices of cumulative rules;

(3) In selecting amongst various regulatory approaches, choose these approaches that maximize web advantages (together with potential financial, environmental, public well being and security, and different benefits; distributive impacts; and fairness);

(4) To the extent possible, specify efficiency targets, slightly than the habits or method of compliance a regulated entity should undertake; and

(5) Identify and assess accessible alternate options to direct regulation, together with financial incentives—resembling person charges or marketable permits—to encourage the specified habits, or present info that permits the general public to make selections.

Executive Order 13563 additionally requires an company “to use the best available techniques to quantify anticipated present and future benefits and costs as accurately as possible.” OIRA has emphasised that these strategies could embody “identifying changing future compliance costs that might result from technological innovation or anticipated behavioral changes.”

As required by Executive Order 13563, the Department has assessed the potential prices and advantages, each quantitative and qualitative, of this regulatory motion, and we’re issuing these rules solely on a reasoned willpower that their advantages would justify their prices. In selecting amongst various regulatory approaches, we chosen these approaches that maximize web advantages. Based on the evaluation that follows, the Department believes that the rules are in step with the rules in Executive Order 13563.

We even have decided that this regulatory motion wouldn’t unduly intervene with State, native, or Tribal governments within the train of their governmental capabilities.

In accordance with the Executive orders, the Department has assessed, each quantitatively and qualitatively, the potential prices and advantages of this regulatory motion.

In this regulatory influence evaluation, we talk about the necessity for regulatory motion, the potential prices and advantages, web funds impacts, and regulatory alternate options we thought of.

Elsewhere on this part, beneath Paperwork Reduction Act of 1995, we establish and clarify burdens particularly related to info assortment necessities.

Need for Regulatory Action

As mentioned within the preamble, the ultimate rules implement statutory modifications made by part 705 of the Consolidated Appropriations Act, 2021. These rules take away rules that carried out part 455(q) of the HEA, which restricted the quantity of Federal Direct Stafford Loans a borrower might obtain primarily based on their sponsored utilization. As allowed by part 705(b) of the Consolidated Appropriations Act, 2021 the Secretary is making this variation efficient for all Federal Direct Stafford Subsidized Loans first disbursed on or after July 1, 2021, whatever the award 12 months related to the loan. In addition, within the case of a borrower who has a Federal Direct Subsidized Stafford Loan which is excellent as of July 1, 2021, and on which the borrower has been liable for curiosity as a result of the borrower exceeded the sponsored utilization loan restrict, the Department will modify the borrower’s account to take away the curiosity that accrued and reapply the borrower’s funds accordingly.

Since the sponsored loan restrict primarily based on the borrower’s sponsored utilization have been repealed, the rules requiring that the borrower be given info on these limits throughout entrance and exit counseling are additionally being eliminated.

Costs, Benefits, and Transfers

The main beneficiaries of those rules are affected debtors who will both be eligible for sponsored loans with out being topic to the sponsored utilization restrict once they receive loans on or after July 1, 2021, or who could have their sponsored curiosity advantages restored for present loans that beforehand misplaced the subsidy because of the sponsored utilization restrict. Affected Start Printed Page 31435debtors will face a diminished monetary burden related to their student loans as they are going to have the ability to receive further sponsored loans or have their curiosity advantages restored. This distinction could permit students to afford further programs they should full an academic program. The Department estimates that roughly 354,000 loans with a complete of $1.2 billion in disbursements have been topic to the sponsored utilization limitation, as proven in Table 1. Of these, roughly 316,350 loans with an excellent stability of $1.1 billion are eligible for reinstatement of subsidy advantages.

Asterisk refers to separate by stability standing being suppressed because of small cell sizes.

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The advantage of restoring sponsored loan curiosity advantages to particular person students will rely upon the excellent balances and rates of interest on the affected loans. For instance, on a $5,500 Direct Subsidized Loan with a 2.75% rate of interest, the quantity of curiosity that accrues per day is $0.41. If a borrower is in a deferment for 1 12 months and doesn’t repay the curiosity because it accrues, the loan would accrue curiosity totaling $149.64. At the top of the deferment interval, the curiosity would capitalize after which the quantity of curiosity that accrues per day could be $0.42. Across a number of loans and years, the quantity will be important.

Future students may even profit from not having to think about the potential lack of sponsored curiosity advantages when making choices about course selections or the timing for finishing their applications, simplifying their resolution making. Restoring the rate of interest subsidy could assist with completion, which is a key consider attaining the financial advantages related to postsecondary schooling. As famous within the Paperwork Reduction Act part of this preamble, these students may even have a diminished burden from the elimination of entrance and exit counseling materials related to the sponsored loan utilization restrict. This is estimated to avoid wasting students 175,175 hours yearly for a financial savings of $3.5 million at an assumed wage price of $20.17 []
for students’ time.

Institutions may even be affected by the elimination of the sponsored loan utilization limitation. The skill of some debtors to acquire further sponsored loans could cause them to enroll in additional programs or to finish applications, which can present some further income to establishments. As indicated within the Paperwork Reduction Act part of this preamble, establishments will not have to incorporate details about sponsored loan limits in entrance and exit counseling for affected debtors. This is estimated to cut back paperwork burden by 12,904 hours for estimated financial savings of $1.2 million at a wage price of $$93.74, representing the $46.87 median hourly wage for postsecondary directors doubled to seize advantages and overhead.[]

The Federal Government will probably be making elevated transfers to sponsored loan debtors as famous within the Net Budget Impact part. This change may even require the Department to pay for system modifications to implement the repeal Start Printed Page 31436of the sponsored utilization restrict. The Department estimates that the SULA Repeal Phases 1 and a couple of will price $454,025. Phase 1 consists of modifying present triggers within the reporting of origination and disbursement knowledge to the Common Origination and Disbursement (COD) system and the reporting of enrollment knowledge to the National Student Loan Data System (NSLDS) with an estimated price of $279,025. Phase 2 includes evaluating and implementing the impacts of SULA repeal to the Office of Partner Participation and Oversight (PPO)/FSA Partner Connect, DCC/Digital Platform (StudentAid.gov, myStudentAid app), Customer Care Platform, Marketing and Communications Platform in addition to different interfaces and reviews that embody SULA knowledge and is predicted to price roughly $175,000.

Net Budget Impact

The whole web funds influence of the rules is $1,888 million in outlays over 10 years. We estimate that these rules could have a web Federal funds influence for Federal student loan cohorts between 2021-2030 of $635 million in addition to an impact on previous cohorts of $180.1 million for the restoration of curiosity advantages. We additionally estimate a possible shift from unsubsidized loans to sponsored loans after July 1, 2021, with a two % shift costing roughly $1,073 million in further outlays for the Federal student loan cohorts between 2021-2030. A cohort displays all loans originated in a given fiscal 12 months. Consistent with the necessities of the Credit Reform Act of 1990, funds price estimates for the student loan applications mirror the estimated web current worth of all future non-administrative Federal prices related to a cohort of loans. The Net Budget Impact is in comparison with a modified model of the 2020 President’s Budget baseline (PB2021) that adjusts for the Coronavirus Aid, Relief, and Economic Security (CARES) Act and extension of coronavirus-related student loan provisions and different current rules.

The web funds influence of the elevated transfers related to the elimination of the sponsored loan utilization limitation come from the restoration of sponsored loan curiosity advantages to present debtors and extra sponsored loan quantity, as future debtors are not topic to the limitation. The lack of sponsored loan advantages was beforehand modeled by making use of curiosity to sponsored loans assumed to be affected by the limitation. Reversing this added curiosity for present cohorts is estimated to price $180 million and $635 million for cohorts from 2021 to 2030.

The potential improve in sponsored loan quantity, both from those that didn’t borrow due to the restrict or who took out unsubsidized loans as a substitute, is difficult to foretell. While debtors with $1.6 billion in disbursements have been affected by the restrict, it’s probably that others managed their sponsored loan utilization, with the assistance of their establishments, to not set off the lack of sponsored advantages. Future debtors is not going to face the identical constraint, so some debtors who wouldn’t be recognized as being affected by the sponsored loan utilization restrict may even take further sponsored loans. The peak 12 months for disbursements affected by the sponsored utilization limitation was 2016, with roughly $356.5 million in sponsored loans. This represents round 2 % of the $22.95 billion in sponsored loans disbursed in AY 2015-2016. Table 2 demonstrates the price of shifting loan quantity from unsubsidized to sponsored with the two % shift inside the vary evaluated.

Table 2—Cost of Shifting From Unsubsidized to Subsidized Loans for Cohorts 2021-2030

[Millions]

Volume shift Estimated price
1 % $852
2 % 1,073
5 % 1,739

Accounting Statement

As required by OMB Circular A-4 (accessible at www.whitehouse.gov/​websites/​default/​recordsdata/​omb/​belongings/​omb/​circulars/​a004/​a-4.pdf), within the following desk we’ve ready an accounting assertion exhibiting the classification of the expenditures related to the provisions of those ultimate rules. This desk supplies our greatest estimate of the modifications in annual monetized transfers on account of this rule. Expenditures are categorised as transfers from the Federal Government to affected student loan debtors.

Table 3—Accounting Statement: Classification of Estimated Expenditures

[In millions]

Category Benefits
7% 3%
Reduction in paperwork burden on students and establishments from elimination of sponsored utilization restrict info in entrance and exit counseling necessities 4.8 4.8
Category Costs
7% 3%
Costs to change Government techniques for administering student loans to implement repeal of SULA $.06 $.05
Category Transfers
7% 3%
Increased transfers of sponsored loans to eligible students $96.2 $98.7
Restoration of sponsored loan advantages to affected debtors $85.4 $82.7

Alternatives Considered

While the statute might have been carried out prospectively with out consideration to debtors with excellent balances on unsubsidized loans due to SULA, the Department interprets this repeal by Congress to reverse the influence of SULA, which was instituted initially as a cost-saving Start Printed Page 31437measure to the Department. The Department views part 705 of the Consolidated Appropriations Act, 2021, because it does different provisions within the Act, to streamline the student help course of and to offer further help for students. Solely lifting the restriction for debtors on a going-forward foundation wouldn’t present reduction for these debtors who’ve been topic to SULA up to now, most notably throughout a time of unprecedented monetary pressure because of COVID-19. The Department believes that the one equitable strategy to implementing this repeal is to use it to the 2013-2014 award 12 months, or the primary 12 months SULA was carried out, as permitted by the statute. Therefore, no different alternate options have been thought of for the revisions to the rules included on this doc as a result of these modifications implement modifications to the HEA enacted by Congress, and the Department didn’t train discretion in creating these amendments which take away the SULA restriction as mandated by the statute.

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Regulatory Flexibility Act Certification

The Regulatory Flexibility Act doesn’t apply to this rulemaking as a result of there’s good trigger to waive discover and remark beneath 5 U.S.C. 553.

Paperwork Reduction Act of 1995

As a part of its persevering with effort to cut back paperwork and respondent burden, the Department supplies most people and Federal companies with a possibility to touch upon the discontinuance of collections of knowledge in accordance with the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3506(c)(2)(A)). This helps make sure that: The public understands the Department’s assortment directions, respondents can present the requested knowledge within the desired format, reporting burden (time and monetary assets) is minimized, assortment devices are clearly understood, and the Department can correctly assess the influence of assortment necessities on respondents. Respondents even have the chance to touch upon the Department’s burden discount estimates. A Federal company could not conduct or sponsor a group of knowledge except OMB approves the gathering beneath the PRA and the corresponding info assortment instrument shows a presently legitimate OMB management quantity. Notwithstanding some other provision of legislation, no individual is required to adjust to, or is topic to penalty for failure to adjust to, a group of knowledge if the gathering instrument doesn’t show a presently legitimate OMB management quantity.

These ultimate rules don’t create any new info assortment necessities. The ultimate rules take away necessities associated to the sponsored loan utilization restrict that was repealed by part 705(a) of the Consolidated Appropriations Act, 2021. That motion will remove the burden assessed to the relevant rules within the following beforehand permitted info assortment. The applicable info assortment filings will probably be made to coincide with the efficient date of those rules to discontinue a portion of the presently permitted info assortment, as famous beneath, and to switch a part of this assortment to a different permitted info assortment. We are eradicating OMB management quantity 1845-0116 from the rules as a result of the gathering is not crucial.

We are eradicating §§ 685.200(a)(2)(i)(A) and (B) and (f) and 685.304(a)(6)(xvi) and (b)(4)(xii) from the rules as mentioned above. With this motion, the burden assessed for the rules in § 685.304 beneath OMB Control Number 1845-0116, “William D. Ford Federal Direct Loan Program—150% Limitation” is being discontinued. Other reporting or recordkeeping necessities in these regulatory sections are usually not affected by this discontinuation and burden continues to be assessed beneath 1845-0021.

1845—0116 Burden To Be Discontinued From Counseling Requirements

Respondent kind Responses Hours Cost 3
Individual −4,950,095 −175,175 $−3,533,280
Public Institution −3,630 −4,538 −425,392
Private Institution −3,262 −4,078 −382,272
Proprietary Institution −3,430 −4,288 −401,957
Total discontinued for 1845-0116 −4,960,417 −188,079 −4,742,901

However, the particular reporting and recordkeeping necessities in §§ 685.301(c) and 685.309(b) of those regulatory sections are usually not affected by this discontinuation and burden on this assortment associated to these sections will probably be transferred from 1845-0116 to 1845-0021.

Respondent kind Responses Hours
Public Institution 1,241,812 28,570
Private Institution 532,524 13,736
Proprietary Institution 367,979 10,439
Subtotal 2,142,315 52,745
New Total for 1845-0021 11,184,455 792,491

Start Printed Page 31438

Intergovernmental Review

The William D. Ford Federal Direct Loan Program just isn’t topic to Executive Order 12372 and the rules in 34 CFR half 79.

Assessment of Educational Impact

Based on our personal assessment, we’ve decided that the ultimate rules don’t require transmission of knowledge that some other company or authority of the United States gathers or makes accessible.

Accessible Format: On request to this system contact individual listed beneath FOR FURTHER INFORMATION CONTACT, people with disabilities can receive this doc in an accessible format. The Department will present the requestor with an accessible format which will embody Rich Text Format (RTF) or textual content format (txt), a thumb drive, an MP3 file, braille, massive print, audiotape, or compact disc, or different accessible format.

Electronic Access to This Document: The official model of this doc is the doc printed within the Federal Register. You could entry the official version of the Federal Register and the Code of Federal Regulations at www.govinfo.gov. At this website you possibly can view this doc, in addition to all different paperwork of this Department printed within the Federal Register
, in textual content or Portable Document Format (PDF). To use PDF, you could have Adobe Acrobat Reader, which is out there free on the website.

You can also entry paperwork of the Department printed within the Federal Register by utilizing the article search function at: www.federalregister.gov. Specifically, by way of the superior search function at this website, you possibly can restrict your search to paperwork printed by the Department.

You can also view this doc in textual content or PDF on the following website: www.ifap.ed.gov/​.

(Assistance Listing Number: 84.268 Federal Direct Student Loans.)

Start List of Subjects

  • Administrative observe and process
  • Colleges and universities
  • Loan applications—Education
  • Reporting and recordkeeping necessities
  • Student help
  • Vocational schooling

End List of Subjects
Start Signature

Michelle Asha Cooper,

Acting Assistant Secretary for Postsecondary Education.

End Signature

For the explanations mentioned within the preamble, the Secretary amends half 685 of title 34 of the Code of Federal Regulations as follows:

Start Part

End Part

Start Amendment Part

1. The authority quotation for half 685 continues to learn partially as follows:

End Amendment Part
Start Authority

20 U.S.C. 1070g, 1087a, et seq., except in any other case famous.

End Authority

* * * * *

Start Amendment Part

2. Section 685.200 is amended by:

End Amendment Part
Start Amendment Part

a. In paragraph (a)(2)(i) introductory textual content, eradicating “must—” and including as an alternative “must demonstrate financial need in accordance with title IV, part F of the Act.”.

End Amendment Part
Start Amendment Part

b. Removing paragraphs (a)(2)(i)(A) and (B) and (f).

End Amendment Part
Start Amendment Part

c. Removing the parenthetical authority quotation on the finish of the part.

End Amendment Part

Start Amendment Part

3. Section 685.304 is amended by:

End Amendment Part
Start Amendment Part

a. In paragraph (a)(6)(xiv), including “and” after the semicolon.

End Amendment Part
Start Amendment Part

b. In paragraph (a)(6)(xv), eradicating “; and” and including a interval as an alternative.

End Amendment Part
Start Amendment Part

c. Removing paragraphs (a)(6)(xvi) and (b)(4)(xii).

End Amendment Part
Start Amendment Part

d. Redesignating paragraphs (b)(4)(xiii) and (xiv) as paragraphs (b)(4)(xii) and (xiii), respectively.

End Amendment Part

End Supplemental Information

[FR Doc. 2021-12384 Filed 6-11-21; 8:45 am]

BILLING CODE 4000-01-P