The Secretary amends the Perkins Loan, FFEL, and Direct Loan program regulations to implement Presiden Obama's new “Pay As You Earn” Income-Contingent Repayment (ICR) plan in the Direct Loan program, incorporate recent statutory changes to the Income-Based Repayment (IBR) plan, and streamline and clarify to the total and permanent disability (TPD) discharge process for borrowers. These final regulations will assist borrowers in repaying their loans and reduce burden for borrowers who are disabled and seeking a discharge of their Title IV debt.
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