STUDENT ASSISTANCE GENERAL PROVISIONS, FEDERAL FAMILY EDUCATION LOAN PROGRAM, THIRD-PARTY SERVICER REGULATIONS (PROPOSED RULE)

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
134387	STUDENT ASSISTANCE GENERAL PROVISIONS, FEDERAL FAMILY EDUCATION LOAN PROGRAM, THIRD-PARTY SERVICER REGULATIONS (PROPOSED RULE)	Migrated

ICR Details

OMB Control No: 1840-0537	ICR Reference No: 199402-1840-006
Status: Historical Inactive	Previous ICR Reference No: 199311-1840-003
Agency/Subagency: ED/OPE	Agency Tracking No:
Title: STUDENT ASSISTANCE GENERAL PROVISIONS, FEDERAL FAMILY EDUCATION LOAN PROGRAM, THIRD-PARTY SERVICER REGULATIONS (PROPOSED RULE)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 04/15/1994
	Date Received in OIRA: 02/17/1994
Terms of Clearance: ED's information collection request is not approved at this time. Provisions in the Third Party Servicers NPRM that underlies this reque may duplicate provisions for collecting and maintaining information in related NPRMs governing State Postsecondary Review Entities and accrediting agencies. In addition, if schools report to duplicative collection systems that are not consistent with one another, their burden in complying with information collection requirements may not b minimized. -- ED has received significant public comment on issues of duplicative reporting and retention requirements, along with substantive proposals for alternative approaches. The information collection provisions in final regulations will address these comments and concerns in ways tha may substantially change the requirements proposed by the NPRM. -- The currently approved information collection provisions in these regulations remain in effect through 11/30/96, as per OMB's action of 12/22/93.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/1996	11/30/1996	11/30/1996
Responses	890,618	0	890,618
Time Burden (Hours)	96,627	0	96,627
Cost Burden (Dollars)	0	0	0

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Abstract: THESE REGULATIONS ARE NEEDED TO IMPLEMENT PROVISIONS IN THE HIGHER EDUCATION ACT OF 1965, AS AMENDED (HEA), AS AMENDED BY THE HIGHER EDUCATION AMENDMENTS OF 1992 (PUB. L. 102-325), WHICH GIVES THE SECRETARY THE AUTHORITY TO REGULATE THIRD-PARTY SERVICERS CONTRACTING WITH INSTITUTIONS, LENDERS, AND GUARANTY AGENCIES.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
STUDENT ASSISTANCE GENERAL PROVISIONS, FEDERAL FAMILY EDUCATION LOAN PROGRAM, THIRD-PARTY SERVICER REGULATIONS (PROPOSED RULE)

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Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 02/17/1994

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