Ed Department Seeks to Continue Collecting Lender Payment Data
Published Date: 11/21/2025
Notice
Summary
The Department of Education wants to keep collecting info from private lenders about their requests for interest and special payments, without changing the current process. This helps make sure lenders get paid correctly and on time. If you have thoughts, you’ve got until December 22, 2025, to share them—no money changes, just a smooth extension!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Private Lenders Keep Using ED Form 799
If you are a private lender who holds Federal Family Education Loans (FFEL), you must continue to submit the Lender's Request for Payment of Interest and Special Allowance (ED Form 799, OMB Control No. 1845-0013) under the existing process. The Department estimates this collection involves 1,160 annual responses and supports paying interest and special allowance to FFEL holders and related reporting and audits.
Estimated Annual Compliance Burden for Lenders
Private-sector respondents collectively are estimated to submit 1,160 responses per year and spend a total of 2,827 burden hours annually to complete ED Form 799. The Department is requesting continuation of these estimates as part of the extension without change.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Related Federal Register Documents
2026-17239, Education Department General Administrative Regulations
The Secretary of Education proposes to amend the Education Department General Administrative Regulations (EDGAR) and other provisions in 2 CFR parts 3474 and 3485 to update the regulations and better align them with other U.S. Department of Education (Department) regulations and procedures, and to include technical updates from the Office of Management and Budget's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards published in the Federal Register on April 22, 2024. The Department intends to finalize these regulations in late 2026.
2026-17001, Accreditation, Innovation, and Modernization: The Secretary's Recognition of Accrediting Agencies: Institutional Eligibility Under the Higher Education Act of 1965, as Amended, Student Assistance General Provisions
The Department proposes to revise the existing accrediting agency recognition regulations at 34 CFR part 602 to implement the directives set forth in Executive Order 14279, Reforming Accreditation to Strengthen Higher Education, and other Administration priorities, align the regulations more closely with statute, and reduce regulatory burden.
2026-15019, Rescinding Portions of the Department of Education Title VI Regulations To Align With the Statutory Text and Conform to Executive Order 14281
The Department of Education is changing its rules to stop punishing unintentional discrimination under Title VI, focusing only on intentional discrimination instead. This update, effective July 24, 2026, will make things clearer, cut costs for schools and organizations getting federal money, and follow a new executive order about fairness and opportunity. If you receive federal funds, these changes affect how you follow civil rights rules.
2026-13286, Accountability in Higher Education and Access Through Demand- Driven Workforce Pell: Student Tuition and Transparency System (STATS) and Earnings Accountability
Starting July 1, 2027, colleges must prove their programs help students earn enough money to keep getting federal student loans. This new rule affects schools offering Direct Loans and aims to stop loans for programs where graduates don’t make enough. Some parts kick in earlier on August 31, 2026, so schools better get ready to show they’re helping students succeed in the workforce!
2026-10013, Accountability in Higher Education and Access Through Demand-Driven Workforce Pell: Pell Grant Exclusion Relating to Other Grant Aid; and Workforce Pell Grants
Starting July 20, 2026, students and schools will see new rules for Pell Grants thanks to the Working Families Tax Cuts Act. Now, some other grants won’t count against Pell Grant eligibility, and a new Workforce Pell Grant will help students in short, job-focused programs get financial aid. This means more chances for students to get money for education that leads straight to good jobs!
2026-08556, Reimagining and Improving Student Education-Federal Student Loan Program Final Regulations
Starting July 1, 2026, new rules will change how federal student loans work for grad students, parents, and professionals. The Grad PLUS loan is being phased out, and repayment plans are getting simpler with a fresh new income-driven option. Plus, folks who’ve defaulted before get a second chance to fix their loans and get back on track.
Previous / Next Documents
Previous: 2025-20639, Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Guaranty Agency Financial Report
The Department of Education wants to keep collecting financial reports from guaranty agencies without changing the current process. This affects private companies and government groups who submit these reports, with about 7,865 hours spent yearly on this task. Comments on this plan are open until December 22, 2025, so folks can share their thoughts before the extension is approved.
Next: 2025-20641, Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Loan Cancellation in the Federal Perkins Loan Program
The Department of Education is asking to keep collecting info about canceling Federal Perkins Loans, with no changes to the current process. This affects students, schools, and local governments involved in loan forgiveness. Comments are open until December 22, 2025, so folks can share their thoughts before the paperwork continues.