Negotiated Rulemaking Summary for Committees I and II

In May, Negotiated Rulemaking Committees I and II completed their negotiations, reaching agreement on their assigned topics. Committee I was responsible for Federal Family Education Loan Program (FFELP) lender and guaranty agency issues and Committee II addressed FFELP, Federal Direct Loan Program, and Perkins loan provisions. The Department of Education (ED) expects to issue Notices of Proposed Rulemaking reflecting the Committees' agreements by July 1, 1999. Schools and lenders are urged to provide ED with their comments on specific issues. Rules that are finalized by November 1, 1999, are scheduled to take effect on July 1, 2000.

For an Adobe PDF recap of the Negotiated Rulemaking for Committees I and II by topic, access TG Online under Resources for School and Lenders.

The next edition of Shoptalk will include a summary for Committees III and IV.