Approved as amended by ED's memoranda to OMB of 9/9/92, 9/22/92, and 9/25/92. Approval through July 1994 will allow ED to continue the Tape Dump without change to the data elements until the implementation of the National Student Loan Data System, which will replace this collection. In addition, ED has assured that when requesting institutions to verify errors in tape dump information, a general rule of 1% as the error threshold will be followed (below this level, verification would not be necessary except at ED's discretion in unusu circumstances).
Inventory as of this Action
Requested
Previously Approved
07/31/1994
07/31/1994
10/31/1992
67
0
72
3,633
0
4,158
0
0
0
STATE AND PRIVATE, NONPROFIT GUARANTEE AGENCIES PROVIDE ED, VIA MAGNET TAPE, BORROWER-SPECIFIC DATA ON THE GSL AND PLUS PROGRAMS. THESE DATA ARE USED TO DESCRIBE THE CHARACTERISTICS OF BORROWERS, TO ASSESS THE IMPACT OF VARIOUS LEGISLATIVE, REGULATORY, AND BUDGETARY PROPOSALS, AN TO MONITOR BORROWER FRAUD AND ABUSE.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.