Regulacje i polityka gospodarcza · 18/12/1996

Student Assistance General Provisions

On September 20, 1996, the Department of Education published in the Federal Register a notice of proposed rulemaking (NPRM) for the Student Assistance General Provisions (34 CFR Part 668) regarding standards of financial responsibility (60 FR 49552-49574). The proposed standards would apply to all institutions that participate in a program authorized by title IV of the Higher Education Act of 1965, as amended (title IV, HEA programs), and to third-party servicers that enter into a contract with a lender or guarantee agency to administer any aspect of that lender's or agency's Federal Family Education Loan (FFEL) programs. Many commenters responding to the NPRM requested that the Secretary extend the comment period to give institutions, higher education associations, and other interested parties more time to evaluate further the proposed ratio methodology and standards, and to prepare substantive comments and recommendations based on that additional analysis. The Secretary agrees that more time is needed to evaluate the proposed ratio methodology and standards, as well as the proposed rules regarding changes of ownership, and that additional public comment would improve the quality