Federal Preemption and State Regulation of the Department of Education's Federal Student Loan Programs and Federal Student Loan Servicers
Education · education-loans · Published 2018-03-12 · 83 FR 10619
Document
Document number
2018-04924
Federal Register citation
83 FR 10619
Type
Rule
Action
Interpretation.
Category
education-loans
Agency
US Department of Education
Publication date
2018-03-12
Abstract
Recently, several States have enacted regulatory regimes that impose new regulatory requirements on servicers of loans under the William D. Ford Federal Direct Loan Program (Direct Loan Program). States also impose disclosure requirements on loan servicers with respect to loans made under title IV of the Higher Education Act of 1965, as amended (HEA). Finally, State regulations impact Federal Family Education Loan (FFEL) Program servicing. The Department believes such regulation is preempted by Federal law. The Department issues this notice to clarify further the Federal interests in this area.