Education · education-loans · Published 1999-10-27 · 64 FR 57960
Document
Document number
99-27719
Federal Register citation
64 FR 57960
CFR reference
34 CFR 685
Type
Rule
Action
Final regulations.
Category
education-loans
Agency
US Department of Education
Publication date
1999-10-27
Abstract
The Secretary amends the regulations governing the William D. Ford Federal Direct Loan (Direct Loan) Program. The amendment is a result of a recently enacted change made to the Higher Education Act of 1965, as amended (HEA) by the Higher Education Amendments of 1998 (1998 Amendments). These final regulations reflect the Secretary's authority to charge reduced interest rates on Direct Loan Program loans to encourage on-time loan repayment.