[Federal Register Volume 59, Number 125 (Thursday, June 30, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-16001]
[[Page Unknown]]
[Federal Register: June 30, 1994]
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DEPARTMENT OF EDUCATION
34 CFR Part 668
RIN 1840-AC09
Student Assistance General Provisions
AGENCY: Department of Education.
ACTION: Notice of revised effective date; final regulations.
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SUMMARY: In the Federal Register of April 29, 1994 (59 FR 22278), the
Secretary published interim final regulations with invitation to
comment for the Student Assistance General Provisions, 34 CFR part 668.
The Secretary is delaying the effective date of these regulations until
July 1, 1994. By delaying the effective date, the Secretary seeks to
reduce confusion about the effective date of these regulations by
making the effective date consistent with the effective date of other
changes to the regulations published by the Secretary at the same time.
EFFECTIVE DATES: These regulations take effect on July 1, 1994, with
the exception of Sec. 668.17 (f) and (h) which will become effective
after the information collection requirements contained in this section
have been submitted by the Department of Education and approved by the
Office of Management and Budget under the Paperwork Reduction Act of
1980.
FOR FURTHER INFORMATION CONTACT: Pamela A. Moran, Acting Chief, Loans
Branch, Division of Policy Development, Policy, Training, and Analysis
Service, U.S. Department of Education, 400 Maryland Avenue, SW. (room
4310, ROB-3), Washington, DC 20202-5449. Telephone: (202) 708-8242.
Individuals who use a telecommunications device for the deaf (TDD) may
call the Federal Information Relay Service (FIRS) at 1-800-877-8339
between 8 a.m. and 8 p.m., Eastern time, Monday through Friday.
SUPPLEMENTARY INFORMATION: The interim final regulations which are
subject to this change in effective date implement certain provisions
of the Higher Education Technical Amendments of 1993 relating to the
determination of institutional cohort default rates in the Federal
Family Education Loan (FFEL) Program. The effective date of these
regulations has been delayed until July 1, 1994 so that all of the
regulations implementing changes to the Higher Education Act of 1965,
as amended, (HEA), published by the Secretary on April 29, 1994 will
take effect on July 1, 1994. The Secretary was informed that there was
confusion about the effective date of the regulations because the other
regulations published on April 29, 1994 and implementing changes to the
HEA were not effective until July 1, 1994. The Secretary is delaying
the effective date of these regulations to resolve the confusion and to
afford participants in the FFEL program additional time to comply with
the requirements of these regulations.
Waiver of Rulemaking
In accordance with section 431(b)(2)(A) of the General Education
Provisions Act (20 U.S.C. 1232(b)(2)(A)), and the Administrative
Procedure Act (5 U.S.C. 553), it is the practice of the Secretary to
offer interested parties the opportunity to comment on proposed
regulations. However, because the Secretary is delaying the effective
date of these regulations for only a brief period to reduce confusion
and afford participants in the FFEL program additional time for
compliance, the Secretary finds, in accordance with 5 U.S.C. 553(b)(B),
that the solicitation of public comment on this change in the effective
date would be impracticable and contrary to the public interest.
(Catalog of Federal Domestic Assistance Number: 84.032 Federal
Family Education Loan Program)
Dated: June 27, 1994.
Richard W. Riley,
Secretary of Education.
[FR Doc. 94-16001 Filed 6-29-94; 8:45 am]
BILLING CODE 4000-01-P
