Education Dept. Seeks Input on Income-Based Repayment

The U.S. Department of Education will gather a panel of higher education stakeholders early next year to write the regulations needed to carry out President Obama’s orders to expand his federal income-based repayment program for student loans. The department will announce in Wednesday’s Federal Register that it plans to hold two public hearings on the plan this fall -- one in Washington and one in Anaheim, Calif. -- before it kicks off negotiated rule making sessions next February. Read more...