In its announcement on Friday, the Ministry of Education formulated a plan for negotiating rules, calling for the nomination of a committee that will start a virtual meeting in October.

The committee will help formulate regulations on issues related to Chapter 4 of the Higher Education Act of 1965, including public service loan forgiveness, borrower’s repayment defense, suspension of classes, and income contingent repayment. The department announced a total of nine issues for discussion.

Education Minister Miguel Cardona said: “The rule-making committee will do important work to improve borrowers’ access to benefits, thereby reducing the burden on federal student loans, including targeted loan exemptions. “We look forward to convening this committee and continue to work on our mission to better serve our country’s students and borrowers.”

The department is looking for negotiators to represent 16 constituent groups, from student loan borrowers to financial aid administrators to various higher education institutions. It specifically looks for nominations of people who can bring perspectives to underserved groups or low-income communities in history.

The committee will meet from October 4th to 8th, November 1st to 5th and December 6th to 10th.



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