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Education Department outlines sweeping student‑loan rule changes at RISE negotiated rulemaking
Summary
Department officials opened the RISE negotiated rulemaking and described major regulatory proposals from a recently enacted education package: simplification to two repayment choices, a new Repayment Assistance Plan (RAP) with a $10 minimum payment, new institutional loan limits, and changes to rehabilitation, forbearance, and consolidation rules.
The U.S. Department of Education opened its RISE (Reimagining and Improving Student Education) negotiated rulemaking by laying out the department’s plan to implement major changes to federal student‑loan programs under recently passed legislation. Department officials said the goal of the rulemaking is to simplify repayment, limit excessive borrowing, increase institutional accountability, and align federal aid more directly with student outcomes.
Undersecretary Nicholas Kent told negotiators that the federal student‑loan portfolio “stands at a staggering $1,700,000,000,000,” and said the rulemaking is a moment to redesign a system the administration views as having “failed too many students for far too long.” Kent framed the package as delivering on reforms that include expanded Pell funding, responsible borrowing limits, repayment simplification, and new accountability rules for institutions.
Tammy Aberna…
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