Department of Education May 11, 2007 – Federal Register Recent Federal Regulation Documents
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National Board for Education Sciences
This notice sets forth the schedule and proposed agenda of an upcoming meeting of the National Board for Education Sciences. The notice also describes the functions of the Committee. Notice of this meeting is required by Section 10(a)(2) of the Federal Advisory Committee Act and is intended to notify the public of their opportunity to attend. This notice is being posted in the Federal Register less than 15 days prior to the Board's meeting due to challenges in coordinating Board member schedules to attend the meeting.
William D. Ford Federal Direct Loan Program
The Secretary announces the annual updates to the ICR plan formula for 2007. Under the William D. Ford Federal Direct Loan (Direct Loan) Program, borrowers may choose to repay their student loans (Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct Consolidation Loans) under the ICR plan, which bases the repayment amount on the borrower's income, family size, loan amount, and interest rate. Each year, we adjust the formula for calculating a borrower's payment to reflect changes due to inflation. This notice contains the adjusted income percentage factors for 2007, examples of how the calculation of the monthly ICR amount is performed, a constant multiplier chart for use in performing the calculations, and charts showing sample repayment amounts based on the adjusted ICR plan formula. The adjustments for the ICR plan formula contained in this notice are effective from July 1, 2007 to June 30, 2008.
Notice of Proposed Information Collection Requests
The IC Clearance Official, Regulatory Information Management Services, Office of Management, invites comments on the proposed information collection requests as required by the Paperwork Reduction Act of 1995.
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