Approved for one
year, provided that upon resubmission to OMB FSA provide for the
public docket a brief written update of the status of these terms
of clearance. In the coming year, the Department and OMB will work
to review and coordinate the following: (1) the use of loan level
data, consistent with the Office of Federal Student Aid's data
strategy and concerns cited in the President's Management Agenda
Scorecard; (2) data deemed necessary to derive guaranty agency
costs that are comparable to FFEL subsidy costs; (3) changes to
ensure that sufficient data are provided to on GA Federal Funds
held outside of the Treasury, consistent with Treasury FMS Guidance
(Treasury Transmittal Letter No. 608). OMB expects to work closely
with the Department on these efforts, and fully expects tangible
and specific results within the upcoming year.
Inventory as of this Action
Requested
Previously Approved
04/30/2007
04/30/2007
04/30/2006
612
0
612
33,660
0
33,660
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.