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Proposed Permanent Rules Relating to Higher Education Financial Assistance and Supplemental Student Loans


 

Minnesota Rules 4830.0150 to 4850.0017

Revisor's ID Number 4425

The Minnesota Office of Higher Education is proposing amendments to rules governing the Higher Education Financial Assistance and Supplemental Student Loans program. The SELF Loan Program is a state program of supplemental loans to postsecondary students. More information on the SELF Loan Program.

The intent of the proposed rule amendments will enable the Office of Higher Education to:

  • provide borrowers with more flexibility for forbearances and remaining in-school status to help them reduce their risk of defaulting on their loan
  • utilize cosigner credit scores to determine their credit worthiness
  • terminate participating postsecondary institutions with high student loan default rates in order to protect the financial strength and integrity of the program, and maintain the ability to obtain external program funding.

DUAL NOTICE: Notice of Intent to Adopt Rules Without a Public Hearing Unless 25 or More Persons Request a Hearing, and Notice of Hearing if 25 or More Requests for Hearing Are Received; Revisors ID Number 4425

The Minnesota Office of Higher Education intends to adopt rules without a public hearing following the procedures in the rules of the Office of Administrative Hearings, Minnesota Rules, parts 1400.2300 to 1400.2310, and the Administrative Procedure Act, Minnesota Statutes, sections 14.22 to 14.28. If, however, 25 or more persons submit a written request for a hearing on the rules by 4:30 p.m. on Tuesday, September 25, 2018, the Office of Higher Education will hold a public hearing in room 10, State Office Building, 100 Rev Dr Martin Luther King Boulevard, St. Paul, Minnesota 55155, starting at 9:30 am on Monday, October 29, 2018. To find out whether the Office of Higher Education will adopt the rules without a hearing or if it will hold the hearing, you should contact the agency contact person after September 25, 2018 and before October 29, 2018.

You may review the proposed rule and submit written comments via the Office of Administrative Hearings Rulemaking eComments website at https://minnesotaoah.granicusideas.com/discussions. Any questions about submitting comments via the Rulemaking eComments website should be directed to Katie Lin, Office of Administrative Hearings, at 651-361-7911 or katie.lin@state.mn.us.

Agency Contact Person

Marilyn Kosir
Minnesota Office of Higher Education
1450 Energy Park Drive Suite 350
St. Paul, MN 55108
651 355-0600
marilyn.kosir@state.mn.us

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