Emergency
approval is for 180 days. In the coming year, the Department is
likely to make revisions to this data collection, consistent with
the Office of Federal Student Aid's strategy and conversations with
OMB. These revisions may include, but are not limited to: (1)
changes based on the Department's analysis of the data reported to
FSA by Lenders/GA's for payment purposes; (2) changes needed to
ensure that GA avtivities are reflected in FEEL subsidy costs; and
(3) changes to ensure that sufficient data are provided on GA
Federal funds held outside of the Treasury.
Inventory as of this Action
Requested
Previously Approved
02/28/2005
02/28/2005
612
0
0
33,660
0
0
0
0
0
The Guaranty Agency Financial Report
is used to request payments from and make payments to the
Department of Education under the FFEL program authorized by Title
IV, Part B of the HEA of 1965, as amended. The report is also used
to monitor the agency's financial activities, including activities
concerning its federal fund; operating fund and the agency's
restricted account.
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.