30 Jun 2025
📚Notice on Income Driven Repayment Plans by the Department of Education
Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; 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 (PRA) of 1995, the Department is proposing a revision of a currently approved information collection request (ICR).
Agencies
- Education Department
Business Impact
$$ - Med
The regulatory notice involves the ongoing Income Driven Repayment (IDR) plan for federal student loans, which could impact borrower demographics and financial trends. Businesses in education financing or workforce development may need to adjust strategies based on changes to repayment plans and borrower qualifications.