William D. Ford Federal Direct Loan Program, 72960 [2012-29525]

Download as PDF 72960 Federal Register / Vol. 77, No. 236 / Friday, December 7, 2012 / Rules and Regulations DEPARTMENT OF EDUCATION 34 CFR Part 685 RIN 1840–AD05 [Docket ID ED–2012–OPE–0010] William D. Ford Federal Direct Loan Program Office of Postsecondary Education, Department of Education. ACTION: Announcement of early implementation date. AGENCY: The U.S. Department of Education (Department) issues this document to establish the date for the early implementation of William D. Ford Federal Direct Loan (Direct Loan) program regulations that establish a new income-contingent repayment plan based on the President’s ‘‘Pay As You Earn’’ repayment initiative (the Pay As You Earn repayment plan). DATES: The early implementation date for §§ 685.208(k)(1) and 685.209(a), published November 1, 2012 (77 FR 66087), is December 21, 2012. FOR FURTHER INFORMATION CONTACT: For information about the Pay As You Earn repayment plan or how to apply for Pay As You Earn repayment, the Federal Student Aid Information Center (FSAIC) at 1–800–4FEDAID (1–800–433–3243). For information on the establishment of the early implementation date, Jeff Baker at 1–202–377–3000. If you use a telecommunications device for the deaf (TDD) or a text telephone (TTY), call the Federal Relay Service (FRS), toll free, at 1–800–877– 8339. SUPPLEMENTARY INFORMATION: srobinson on DSK4SPTVN1PROD with SUMMARY: Background Section 482(c) of the Higher Education Act of 1965, as amended (HEA), requires that regulations affecting programs under title IV of the HEA be published in final form by November 1 prior to the start of the award year (July 1) to which they apply. However, that section also permits the Secretary to designate any regulation as one that an entity subject to the regulations may choose to implement earlier and the conditions for early implementation. On November 1, 2012, the Department issued final regulations in 34 CFR part 685 for the Pay As You Earn repayment plan (77 FR 66087). In the preamble to the final regulations, the Secretary announced the Department’s intent to implement the new Direct Loan program regulations establishing the Pay As You Earn repayment plan as soon as possible. VerDate Mar<15>2010 16:11 Dec 06, 2012 Jkt 229001 Implementation Date of These Regulations The Secretary is exercising the authority under section 482(c) of the HEA to designate the following amended regulations in 34 CFR part 685 for early implementation beginning on December 21, 2012, at the discretion of individual borrowers: (1) § 685.208(k)(1). (2) § 685.209(a). If a borrower elects to implement the Pay As You Earn repayment plan early in accordance with this notice, the borrower will have the rights and be subject to the obligations under both §§ 685.208(k)(1) and 685.209(a). To implement the Pay As You Earn Plan early, a Direct Loan borrower must request to repay his or her eligible loans under that plan. Accessible Format: Individuals with disabilities can obtain this document in an accessible format (e.g., braille, large print, audiotape, or compact disc) on request to one of the contact persons listed under FOR FURTHER INFORMATION CONTACT. Electronic Access to This Document: The official version of this document is the document published in the Federal Register. Free Internet access to the official edition of the Federal Register and the Code of Federal Regulations is available via the Federal Digital System at: www.gpo.gov/fdsys. At this site you can view this document, as well as all other documents of this Department published in the Federal Register, in text or Adobe Portable Document Format (PDF). To use PDF you must have Adobe Acrobat Reader, which is available free at the site. You may also access documents of the Department published in the Federal Register by using the article search feature at: www.federalregister.gov. Specifically, through the advanced search feature at this site, you can limit your search to documents published by the Department. (Catalog of Federal Domestic Assistance Number: 84.268.) Dated: December 3, 2012. Arne Duncan, Secretary of Education. [FR Doc. 2012–29525 Filed 12–6–12; 8:45 am] BILLING CODE 4000–01–P POSTAL SERVICE 39 CFR Part 20 International Mail: Product Rate and Fee Changes AGENCY: PO 00000 Postal ServiceTM. Frm 00048 Fmt 4700 Sfmt 4700 ACTION: Final rule. On October 11, 2012, the Postal Service filed a notice of international mailing services price adjustments with the Postal Regulatory Commission (PRC), effective on January 27, 2013. On October 23, 2012, the USPSTM published a proposed rule in the Federal Register with changes to Mailing Standards of the United States Postal Service, International Mail Manual (IMM®). The proposed rule included changes that we would adopt to implement the changes coincident with the price adjustments and classification changes, including changes resulting from the Postal Regulatory Commission granting the Postal Service’s request in Docket No. MC2012–44 to transfer First-Class Mail International® packages (small packets) and rolls from the market-dominant product list to the competitive product list. This final rule conveys the comments received on the proposal and the final mailing standards. DATES: Effective January 27, 2013. FOR FURTHER INFORMATION CONTACT: Rick Klutts at 813–877–0372. SUPPLEMENTARY INFORMATION: On October 23, 2012, the USPSTM published a proposed rule in the Federal Register (77 FR 64768) with changes to Mailing Standards of the United States Postal Service, International Mail Manual (IMM®). Prices will be available under Docket Number R2013–1 on the Postal Regulatory Commission’s Web site at www.prc.gov. SUMMARY: Comments We received comments from 93 respondents on various aspects of the proposed changes. The comments and responses are included in the applicable subject matter sections below. Price Adjustment Two respondents were in favor of the price adjustment, stating the overall increase was modest and will increase Postal Service revenue. Global Forever Stamps Three respondents were in favor of the Global Forever® stamp, stating this concept will benefit mailers by having one stamp for all international destinations for letter-size mailpieces, and may be used regardless of future increases. Restricted Delivery Three respondents supported the discontinuance of outbound international restricted delivery service stating the Postal Service should E:\FR\FM\07DER1.SGM 07DER1

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[Federal Register Volume 77, Number 236 (Friday, December 7, 2012)]
[Rules and Regulations]
[Page 72960]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-29525]



[[Page 72960]]

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DEPARTMENT OF EDUCATION

34 CFR Part 685

RIN 1840-AD05
[Docket ID ED-2012-OPE-0010]


William D. Ford Federal Direct Loan Program

AGENCY: Office of Postsecondary Education, Department of Education.

ACTION: Announcement of early implementation date.

-----------------------------------------------------------------------

SUMMARY: The U.S. Department of Education (Department) issues this 
document to establish the date for the early implementation of William 
D. Ford Federal Direct Loan (Direct Loan) program regulations that 
establish a new income-contingent repayment plan based on the 
President's ``Pay As You Earn'' repayment initiative (the Pay As You 
Earn repayment plan).

DATES: The early implementation date for Sec. Sec.  685.208(k)(1) and 
685.209(a), published November 1, 2012 (77 FR 66087), is December 21, 
2012.

FOR FURTHER INFORMATION CONTACT: For information about the Pay As You 
Earn repayment plan or how to apply for Pay As You Earn repayment, the 
Federal Student Aid Information Center (FSAIC) at 1-800-4FEDAID (1-800-
433-3243). For information on the establishment of the early 
implementation date, Jeff Baker at 1-202-377-3000.
    If you use a telecommunications device for the deaf (TDD) or a text 
telephone (TTY), call the Federal Relay Service (FRS), toll free, at 1-
800-877-8339.

SUPPLEMENTARY INFORMATION: 

Background

    Section 482(c) of the Higher Education Act of 1965, as amended 
(HEA), requires that regulations affecting programs under title IV of 
the HEA be published in final form by November 1 prior to the start of 
the award year (July 1) to which they apply. However, that section also 
permits the Secretary to designate any regulation as one that an entity 
subject to the regulations may choose to implement earlier and the 
conditions for early implementation.
    On November 1, 2012, the Department issued final regulations in 34 
CFR part 685 for the Pay As You Earn repayment plan (77 FR 66087). In 
the preamble to the final regulations, the Secretary announced the 
Department's intent to implement the new Direct Loan program 
regulations establishing the Pay As You Earn repayment plan as soon as 
possible.

Implementation Date of These Regulations

    The Secretary is exercising the authority under section 482(c) of 
the HEA to designate the following amended regulations in 34 CFR part 
685 for early implementation beginning on December 21, 2012, at the 
discretion of individual borrowers:
    (1) Sec.  685.208(k)(1).
    (2) Sec.  685.209(a).
    If a borrower elects to implement the Pay As You Earn repayment 
plan early in accordance with this notice, the borrower will have the 
rights and be subject to the obligations under both Sec. Sec.  
685.208(k)(1) and 685.209(a). To implement the Pay As You Earn Plan 
early, a Direct Loan borrower must request to repay his or her eligible 
loans under that plan.
    Accessible Format: Individuals with disabilities can obtain this 
document in an accessible format (e.g., braille, large print, 
audiotape, or compact disc) on request to one of the contact persons 
listed under FOR FURTHER INFORMATION CONTACT.
    Electronic Access to This Document: The official version of this 
document is the document published in the Federal Register. Free 
Internet access to the official edition of the Federal Register and the 
Code of Federal Regulations is available via the Federal Digital System 
at: www.gpo.gov/fdsys. At this site you can view this document, as well 
as all other documents of this Department published in the Federal 
Register, in text or Adobe Portable Document Format (PDF). To use PDF 
you must have Adobe Acrobat Reader, which is available free at the 
site.
    You may also access documents of the Department published in the 
Federal Register by using the article search feature at: 
www.federalregister.gov. Specifically, through the advanced search 
feature at this site, you can limit your search to documents published 
by the Department.

(Catalog of Federal Domestic Assistance Number: 84.268.)

    Dated: December 3, 2012.
Arne Duncan,
Secretary of Education.
[FR Doc. 2012-29525 Filed 12-6-12; 8:45 am]
BILLING CODE 4000-01-P
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