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ua14no94 DEPARTMENT OF ENERGY (DOE)...
Washington, DC 20202 202 708-7888 RIN: 1840-AB44 _______________________________________________________________________ ED--OPE 27. FEDERAL DIRECT STUDENT LOAN PROGRAM Legal Authority: 20 USC 1087 et seq CFR Citation: 34 CFR 685 Legal Deadline: None Abstract: The regulations are needed to implement certain provisions of the Omnibus Budget Reconciliation Act of 1993. These regulations would establish standards, criteria, procedures and other requirements for participation in the Direct Loan Program in the 1995-1996 and subsequent academic years. Statement of Need: The Student Loan Reform Act of 1993 established the Federal Direct Student Loan Program under the Higher Education Act of 1965, as amended (HEA). See subtitle A of the Omnibus Budget Reconciliation Act of 1993 (Pub. L. 103-66, enacted August 10, 1993). Under the Federal Direct Student Loan Program, loan capital is provided directly to student and parent borrowers by the Federal Government rather than through private lenders as in the Federal Family Education Loan Program. The statute directs the Secretary to exercise discretion in the selection of schools participating in the program so that loans made under the program represent no more than 5 percent of new student loan volume for academic year 1994-1995, 40 percent for academic year 1995- 1996, 50 percent for academic years 1996-1997 and 1997-1998, and 60 percent for the academic year that begins in 1998. Regulations are necessary to establish the standards, criteria, and procedures to implement this program. For the first year of the program (1994-1995), to the extent reasonable and necessary for successful implementation, the Secretary is authorized to establish these standards, procedures, and criteria through a notice published in the Federal Register. Beginning with academic year 1995-1996, all standards, criteria, procedures, and other implementing regulations are required, to the extent practicable, to be developed through a negotiated rulemaking process (20 U.S.C. 1087g). Alternatives: In order to comply with the statutory requirement for negotiated rulemaking, the Secretary of Education and the Assistant Secretary for Postsecondary Education established the Direct Student Loan Regulations Advisory Committee which assisted in developing proposed regulations. The committee was composed of representatives of all the significantly affected interests and considered various alternatives in developing the regulations, including the need for any regulations at all. Anticipated Costs and Benefits: Regulations are needed to provide a framework for the Federal Direct Student Loan Program and implement statutory requirements. The regulations are expected to impose minimal requirements necessary to ensure the appropriate use of program funds and will not impose costly and excessive regulatory burdens or require unnecessary Federal supervision. Cost implications are among the considerations during regulatory negotiation. Risks: These regulations would not address a risk to public health, safety, or the environment. Timetable: _______________________________________________________________________ Action DFR Cite _______________________________________________________________________ NPRM 59 FR 42626 08/18/94 NPRM Comment Period End 10/03/94 Final Action 12/00/94 Small Entities Affected: None Government Levels Affected: None Agency Contact: Rachel Edelstein Program Specialist Federal Direct Student Loan Program Department of Education Office of Postsecondary Education 400 Maryland Avenue SW. Room 3022, ROB-3 Washington, DC 20202 202 708-9406 RIN: 1840-AC05 _______________________________________________________________________ ED--Office of Vocational and Adult Education (OVAE) ___________________________________________________________ PROPOSED RULE STAGE ___________________________________________________________ 28. <bullet> SCHOOL-TO-WORK OPPORTUNITIES PROGRAM Legal Authority: PL 103-239 CFR Citation: None Legal Deadline: None Abstract: The School-to-Work Opportunities Act establishes a national framework for the development of a School-to-Work Opportunity system in every State to provide American youth with the knowledge and skills needed to make an effective transition from school to a first job in a high- skill, high-wage career or to further education and training. Statement of Need: Under the Act, Federal funds will be used as venture capital to stimulate State and local creativity in establishing statewide School- to-Work Opportunities systems. To promote this systemic reform, the Act would provide State and local participants with a substantial degree of flexibility to experiment, or to build upon and enrich current promising programs, in fashioning their systems. However, under the Act, all State systems must share certain common features and basic program components. Moreover, through the formation of partnerships among secondary and postsecondary educational institutions, public and private employers, labor organizations, government, community groups, parents, other key groups, communities will take ``ownership'' and responsibility for giving American youth access to high-level skills and meaningful employment opportunities. Programs funded under the Act will be jointly administered by the Departments of Education and Labor. The Act is also compatible with, and builds on, related State and local School-to-Work grant activities supported by both Departments under the current Job Training Partnership Act and the Carl D. Perkins Vocational and Applied Technology Education Act (Perkins Act). The Act authorizes an appropriation to the Secretaries of Education and Labor of $300 million for fiscal year 1995, and such sums as may be necessary for each of the fiscal years 1996 through 1999. Alternatives: Title V of the Act authorizes the Secretaries of Education and Labor to grant waivers of statutory and regulatory requirements of certain Federal job-training and education programs administered by the Departments of Labor and Education to all States (and through States to local partnerships) that have approved State plans. The purpose of the waivers would be to remove impediments to the ability of a State or local partnership to carry out an effective School-to-Work Opportunities Program. Title V also authorizes local partnerships that carry out programs under the Act in high-poverty schools to combine resources under certain education and job-training programs administered by the Departments in order to carry out ``schoolwide'' School-to-Work Opportunities Programs in these schools. In addition, Title V authorizes States with approved State plans to combine funds under this Act with certain funds under the Perkins Act and the Job Training Partnership Act to implement their statewide School-to-Work Opportunities systems. The Secretaries will consider appropriate alternatives to regulations, and they expect to fully utilize the flexibility permitted under the statute. Anticipated Costs and Benefits: If regulations are published to implement the Act, they would be expected to impose minimal requirements necessary to ensure the proper expenditure of Federal funds consistent with the School-to-Work Opportunities Initiative. A more exact estimate of the anticipated costs and benefits will be made as soon as the scope of implementing regulations, if any, incorporating the flexibility permitted under the Act, has been determined. Risks: These regulations would not address a risk to public health, safety, or the environment. Timetable: _______________________________________________________________________ Action DFR Cite _______________________________________________________________________ NPRM 00/00/00 Final Action 00/00/00 Small Entities Affected: Undetermined Government Levels Affected: State, Local Agency Contact: Ron Castaldi Department of Education Office of Vocational and Adult Education 400 Maryland Avenue SW. Room 4327, Switzer Building Washington, DC 20202 202 205-8981 RIN: 1830-AA14 BILLING CODE 4000-01-F
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