CUNA Regulatory Comment Call


August 4, 2009

Proposed Revisions to Federal Perkins Loan Program, Federal Family Education Loan Program, and Federal Direct Loan Program

EXECUTIVE SUMMARY

The Department of Education has proposed amendments to the Federal Perkins Loan (Perkins Loan) Program, Federal Family Education Loan (FFEL) Program, and the William D. Ford Federal Direct Loan (Direct Loan) Program. These revisions are proposed in order to enact statutory provisions of the Higher Education Act of 1965 (HEA) as amended by the Higher Education Opportunity Act of 2008 (HEOA).

Here are the significant provisions of the proposed rule:

Comments on the following proposed changes are due by August 24, 2009. Please submit your comments to CUNA by August 17, 2009.

Please feel free to fax your responses to CUNA at 202-638-7052; e-mail them to Senior Vice President and Deputy General Counsel Mary Dunn at mdunn@cuna.com and to Senior Assistant General Counsel Jeff Bloch at jbloch@cuna.com; or mail them to Mary and Jeff in c/o CUNA's Regulatory Advocacy Department, 601 Pennsylvania Avenue, NW, South Building, 6th Floor, Washington, DC 20004. You may also contact us if you would like a copy of the proposed rule or you may access it on the Internet at the following address:

http://edocket.access.gpo.gov/2009/pdf/E9-16952.pdf

QUESTIONS TO CONSIDER REGARDING THE PROPOSAL

Eric Richard • General Counsel • (202) 508-6742 • erichard@cuna.com
Mary Mitchell Dunn • SVP & Deputy General Counsel • (202) 508-6736 • mdunn@cuna.com
Jeffrey Bloch • Assistant General Counsel • (202) 508-6732 • jbloch@cuna.com
Luke Martone • Senior Regulatory Counsel • (202) 508-6743 • lmartone@cuna.com