What are the requirements for Department reports on the use of the student loan repayment program?
Before March 31st of each year, the Department must submit a written report to the Office of Personnel Management (OPM) stating when the agency made student loan payments on behalf of an employee during the previous fiscal year (see 5 CFR 537.110). Under 5 U.S.C. 5379(h)(1), each report must include– 1. The number of employees selected to receive benefits; 2. The job classifications of the employees selected to receive benefits; and 3. The cost to the Federal Government of providing these benefits. OPM will use this information in its annual report to Congress on the Department’s use of the student loan repayment program.
