ED is requesting public comments on the Lender’s Request for Payment of Interest and Special Allowance (LaRS) process. Through Form 799, lenders in the Federal Family Education Loan (FFEL) Program submit claims for interest and special allowance payments. The Department is proposing to extend this process without changes.
Interested persons are invited to submit comments on or before October 24, 2025.
“The Department of Education (the Department) is submitting the Lender’s Interest and Special Allowance Request & Report, ED Form 799 for extension of the current OMB approval. The information collected on the ED Form 799 is needed to pay interest and special allowance to holders of Federal Family Education Loans, for internal financial reporting, budgetary projections, and for audit and lender reviews by the Department, Servicers, External Auditors and Government Accountability Office (GAO).”
To view this Federal Register publication, click here.
SOURCE: Comment Request: Lender’s Request for Payment of Interest and Special Allowance-LaRS