Publication Date: July 18, 2017

Posted Date: July 18, 2017

Subject: Annual Updates to the Income Contingent Repayment (ICR) Plan Formula for 2017

FR Type: Notice

Annual Updates to the Income Contingent Repayment (ICR) Plan Formula for 2017 in PDF Format, 240 KB, 5 Pages


[Federal Register Volume 82, Number 136 (Tuesday, July 18, 2017)]
[Notices]
[Pages 32803-32807]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-15061]

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DEPARTMENT OF EDUCATION

[Catalog of Federal Domestic Assistance number 84.063]

Annual Updates to the Income Contingent Repayment (ICR) Plan 
Formula for 2017--William D. Ford Federal Direct Loan Program

AGENCY: Federal Student Aid, Department of Education.

ACTION: Notice.

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SUMMARY: The Secretary announces the annual updates to the ICR plan 
formula for 2017, as required by 34 CFR 685.209(b)(1)(ii)(A), to give 
notice to Direct Loan borrowers and the public regarding how monthly 
ICR payment amounts will be calculated for the 2017-2018 year.

DATES: The adjustments to the income percentage factors for the ICR plan

formula contained in this notice are effective from July 1, 2017, to 
June 30, 2018, for any borrower who enters the ICR plan or has his or her 
monthly payment amount recalculated under the ICR plan during that period.

FOR FURTHER INFORMATION CONTACT: Ian Foss, U.S. Department of 
Education, 830 First Street NE., Room 113H2, Washington, DC 20202. 
Telephone: (202) 377-3681 or by email: ian.foss@ed.gov.

If you use a telecommunications device for the deaf (TDD) or a text 
telephone (TTY), call the Federal Relay Service, toll free, at 1-800-877-8339.

Attachments/Enclosures:

Annual Updates to the Income Contingent Repayment (ICR) Plan Formula for 2017 in PDF Format, 240 KB, 5 Pages

   

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