Second Round Of Negotiated Rulemaking On Loans Concludes – Draft Proposed Regulatory Language Provided On Preferred Lender Lists and Prohibited Inducements

Abstract

Higher education negotiators and the Department of Education wrapped up the second round of negotiated rulemaking on student loan issues this week. Officials from the Department provided draft proposed regulatory language for sixteen separate loan issues – including two particularly incendiary topics, preferred lender lists and prohibited inducements – for consideration by negotiators. The Department’s draft language was for consideration only and provoked several animated discussions through the three day negotiations. This article summarizes the discussions and implications of those draft proposed regulations.

Originally posted to NASFAA’s Today’s News on 2/13/07