The
Department of Education (ED) invites the public to share thoughts and/or offer
comments on the president’s proposal to expand the “Pay As You Earn” repayment
program and to target this option to those borrowers who would
otherwise struggle to repay their loans.
The Pay As You Earn proposal would allow even more students who
have borrowed Federal Direct Loans the ability to cap their Federal student
loan payments at 10 percent of their income.
ED will also accept written comments regarding additional issues
surrounding Pay As You Earn that should be considered.
To read the president’s memorandum posted on
June 9th, 2014, and learn more about efforts to help student
loan borrowers manage their debt through Pay As You Earn, visit here.
The Department's official response to this memorandum was
posted in the Federal
Register.
If you are interested in offering
feedback/comments, the opportunity to do so is available through November 4th
and can be done in one of two ways:
Comments about these proposed regulations can
be submitted electronically by clicking on the blue, “Comment Now” box
in the upper right hand corner of this webpage.
Comments about these proposed regulations can also be mailed to
Wendy Macias at the U.S. Department of Education, 1990 K St NW, Room 8017,
Washington D.C. 20006.
Privacy Note
The Department's policy is to make all comments received from members of the public (including those comments submitted by mail, commercial delivery, or hand delivery) available for public viewing in their entirety on the Federal eRulemaking Portal at www.regulations.gov. Therefore, commenters should be careful to include in their comments only information that they wish to make publicly available.
The Department's policy is to make all comments received from members of the public (including those comments submitted by mail, commercial delivery, or hand delivery) available for public viewing in their entirety on the Federal eRulemaking Portal at www.regulations.gov. Therefore, commenters should be careful to include in their comments only information that they wish to make publicly available.
The deadline for
comments is November 4th.