Home / Agencies / Education / 2024-25067
Proposed Rule

Student Debt Relief Based on Hardship for the William D. Ford Federal Direct Loan Program (Direct Loans), the Federal Family Education Loan (FFEL) Program, the Federal Perkins Loan (Perkins) Program, and the Health Education Assistance Loan (HEAL) Program

Agency
Education
Document Number
2024-25067
Published
October 31, 2024
Effective Date
-

Abstract

The Secretary proposes to amend the regulations related to the Higher Education Act of 1965, as amended (HEA), to provide for the waiver of certain student loan debts. The proposed regulations would specify the Secretary's authority to waive all or part of any student loan debts owed to the Department based on the Secretary's determination that a borrower has experienced or is experiencing hardship related to such a loan.

Federal Register Source

This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.

View Full Text on FederalRegister.gov →

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Frequently Asked Questions

What is the 2024-25067 Federal Register document?
Document 2024-25067 is a Proposed Rule published by the Department of Education in the Federal Register on October 31, 2024. The Secretary proposes to amend the regulations related to the Higher Education Act of 1965, as amended (HEA), to provide for the waiver of certain student loan debts. The proposed regulations would specify the Secretary's authority to waive all or part of any student loan debts owed to the Department based on the Secretary's determination that a borrower has experienced or is experiencing hardship related to such a loan. View the original at https://www.federalregister.gov/documents/2024/10/31/2024-25067/student-debt-relief-based-on-hardship-for-the-william-d-ford-federal-direct-loan-program-direct.
Is document 2024-25067 an economically significant rule?
No. Document 2024-25067 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.

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