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ED/OPE RIN: 1840-AD97 Publication ID: Fall 2024 
Title: ●Income-Contingent Repayment Plan Options 
Abstract:

The Department of Education issues this interim final rule (IFR) to amend the regulations governing income-contingent repayment (ICR) plans available to Federal student loan borrowers to make certain that the Department meets its statutory obligation under Section 455(e) of the Higher Education Act of 1965, as amended, (HEA) to offer borrowers an ICR plan.  This change particularly assists borrowers seeking Public Service Loan Forgiveness (PSLF) and borrowers not currently enrolled in another income-driven repayment (IDR) plan, as flexibilities that eased the return to repayment in fall 2023 have ended.

 
Agency: Department of Education(ED)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 34 CFR 685   
Legal Authority: 20 U.S.C. 1082(a)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Interim Final Rule  11/15/2024  89 FR 90221   
Interim Final Rule Comment Period End  12/16/2024 
Final Rule  01/00/2025 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Tamy Abernathy
Department of Education
Office of Postsecondary Education
400 Maryland Avenue SW,
Washington, DC 20202
Phone:202 987-0385
Email: tamy.abernathy@ed.gov