8 Apr 2025
🎓Notice on Income Driven Repayment Plan for Federal Student Loans
Agency Information Collection Activities; Comment Request; Income Driven Repayment Plan Request for the William D. Ford Federal Direct Loans and Federal Family Education Loan Programs
Summary
In accordance with the Paperwork Reduction Act of 1995, ED is requesting the Office of Management and Budget (OMB) to conduct an emergency review of a revision of a currently approved collection.
Agencies
- Education Department
Business Impact
$$ - Med
The notice addresses regulatory changes to income-driven repayment plans for federally backed student loans, which could affect business owners employing graduates with such loans. Changes may impact recruitment strategies and employee financial assistance programs related to student debt management.