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Education negotiators advance detailed tiered and fixed repayment schedules in rule draft
Summary
Department negotiators walked stakeholders through a proposed regulatory overhaul that defines fixed repayment schedules and a new tiered-standard repayment plan for many direct loans, setting multi-tier repayment periods and leaving some operational choices (minimum payment) to subregulatory decision.
Speaker 1 opened a detailed review of the department’s proposed changes to fixed repayment plans for direct loans, reading amendatory text that sets repayment-period tiers tied to borrowers’ total loan balances. The draft distinguishes loans made before and after July 1, 2026, and lays out ranges (for example, 10 years for lower balances up to 30 years for the highest balances) across multiple repayment plan types.
The proposal would…
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