| OMB.1845.0020.Table.06.01.07 |
Jun-07 |
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Date: 06.01.07 |
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| Respondent Type |
Requirement |
# of Respondents |
# of Responses |
Hours/Response |
Total Hours |
Description |
| Section A: Burden by Affected Entity |
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| Federal Government |
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| Individuals or Households |
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| 1 |
34 CFR 682.210 |
29273 |
29273 |
0.25 |
-7319 |
1 Single Deferment Submissions |
| 2 |
34 CFR 682.401 |
33246 |
33246 |
0.08 |
-2660 |
2 Loan Discharge for Death |
| 5 |
34 CFR 682.603 & 682.604 |
135000 |
135000 |
0.5 |
67500 |
5 Entrance Counseling for Grad/PLUS |
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| Sub-total |
|
197519 |
197519 |
|
57521 |
Increase in burden |
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|
|
|
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|
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| Private Sector |
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| Business or other for-profits |
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| Lenders 1 |
34 CFR 682.210 |
3253 |
3253 |
0.25 |
-813 |
1 Single Deferment Submissions |
| Lenders 2 |
34 CFR 682.401 |
776 |
22164 |
0.08 |
-1773 |
2 Loan Discharge for Death |
| Lenders 3 |
34 CFR 682.409 |
644 |
644 |
0.5 |
322 |
3 Certification of E-Sign for Loans Assigned to ED |
| For Profit Institutions 5 |
34 CFR 682.603 & 682.604 |
503 |
45000 |
0.017 |
765 |
5 Entrance Counseling for Grad/PLUS |
| For Profit Institutions 6 |
34 CFR 682.401 & 682.603 |
1888 |
191600 |
0.5 |
-95800 |
6 Maximum Loan Period |
| Lenders 6 |
34 CFR 682.401 & 682.603 |
3102 |
574800 |
0.5 |
-287400 |
6 Maximum Loan Period |
| For Profit Institutions 8 |
34 CFR 682.200 & 682.602 |
19 |
19 |
1000 |
19000 |
8 Eligible Lender Trustee |
| For Profit Inst -School Affliated Org 8 |
34 CFR 682.200 & 682.602 |
29 |
29 |
1000 |
29000 |
8 Eligible Lender Trustee |
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|
|
|
|
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| Sub-total |
|
10214 |
837509 |
|
-336699 |
Decrease in burden |
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|
|
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| Not-for profits |
|
|
|
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| Guarantors 3 |
34 CFR 682.409 |
72 |
72 |
0.5 |
36 |
3 Certification of E-Sign for Loans Assigned to ED |
| Not - for-Profit Institutions 5 |
34 CFR 682.603 & 682.604 |
503 |
45000 |
0.017 |
765 |
5 Entrance Counseling for Grad/PLUS |
| Not - for-Profit Institutions 6 |
34 CFR 682.401 & 682.603 |
1888 |
191600 |
0.5 |
-95800 |
6 Maximum Loan Period |
| Not for Profit Institutions 8 |
34 CFR 682.200 & 682.602 |
19 |
19 |
1000 |
19000 |
8 Eligible Lender Trustee |
| Not for Profit Inst -School Affliated Org 8 |
34 CFR 682.200 & 682.602 |
28 |
28 |
1000 |
28000 |
8 Eligible Lender Trustee |
| Guarantors 10 |
34 CFR 682.409 |
35 |
250000 |
0.33 |
82500 |
10 Retention of Disbursement Records Supporting MPNs |
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| Sub-total |
|
2545 |
486719 |
|
34501 |
Decrease in burden |
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| Farms |
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| State, Local, or Tribal Governments |
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| Public Institutions 5 |
34 CFR 682.603 & 682.604 |
504 |
45000 |
0.017 |
765 |
5 Entrance Counseling for Grad/PLUS |
| Public Institutions 6 |
34 CFR 682.401 & 682.603 |
1889 |
191600 |
0.5 |
-95800 |
6 Maximum Loan Period |
| Public Institutions 8 |
34 CFR 682.200 & 682.602 |
19 |
19 |
1000 |
19000 |
8 Eligible Lender Trustee |
| Public Inst -School Affliated Org 8 |
34 CFR 682.200 & 682.602 |
29 |
29 |
1000 |
29000 |
8 Eligible Lender Trustee |
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|
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| Sub-total |
|
2441 |
236648 |
|
-47035 |
Decrease in burden |
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| Section B: Burden Impact Totals |
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| Total |
|
212719 |
1758395 |
|
-291712 |
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| CURRENT INVENTORY |
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| Current # Respondents |
|
899872 |
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| Current # of Responses |
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|
899872 |
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| Current Inventory of Hours |
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|
10180676 |
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| REVISED TOTAL RESPONDENTS |
|
1112591 |
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| REVISED TOTAL RESPONSES |
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|
2658267 |
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| REVISED TOTAL BURDEN HOURS |
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9888964 |
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| Difference |
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|
-291712 |
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| Section C: Burden by Regulation Group |
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| 1. Sections 674.38, 682.210 and 685.204 – Deferment |
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| Individuals |
34 CFR 682.210 |
29273 |
29273 |
0.25 |
-7319 |
|
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|
|
|
|
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| Business or other for-profits - lenders |
34 CFR 682.210 |
3253 |
3253 |
0.25 |
-813 |
|
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|
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| Sub-total |
|
32526 |
32526 |
|
-8132 |
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| 2. Sections 674.61, 682.402 and 685.212 – Loan Discharge for Death |
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| Individuals or Households |
34 CFR 682.401 |
33246 |
33246 |
0.08 |
-2660 |
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| Business or other for-profits - lenders |
34 CFR 682.401 |
776 |
22164 |
0.08 |
-1773 |
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| Sub-total |
|
34022 |
55410 |
|
-4433 |
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| 3. Sections 674.19, 674.50, 682.406 and 682.409 – Certification of Electronic Signature on Title IV Loan Program Master Promissory Notes (MPNs) Assigned to the Department |
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| Business or other for-profits-lenders |
34 CFR 682.406 34 CFR 682.409 |
644 |
644 |
0.5 |
322 |
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|
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| Not-for-profits - guaranty agencies |
34 CFR 682.406 34 CFR 682.409 |
72 |
72 |
0.5 |
36 |
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| Sub-total |
|
716 |
716 |
|
358 |
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| 5. Sections 682.603, 682.604, 685.301, and 685.304 – Entrance Counseling for Graduate/Professional PLUS Borrowers |
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| Individuals or Households |
34 CFR 682.603 & 682.604 |
135000 |
135000 |
0.5 |
67500 |
|
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|
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| Business or other for-profits - inst. |
34 CFR 682.603 & 682.604 |
503 |
45000 |
0.017 |
765 |
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|
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| Not-for-profits - institutions |
34 CFR 682.603 & 682.604 |
503 |
45000 |
0.017 |
765 |
|
|
|
|
|
|
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| State, Local, or Tribal Governments - inst. |
34 CFR 682.603 & 682.604 |
504 |
45000 |
0.017 |
765 |
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| Sub-total |
|
136510 |
270000 |
|
69795 |
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| 6. Sections 682.401, 682.603 and 685.301 – Maximum Length of a loan period |
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| Business or other for-profits |
|
|
|
|
|
|
| for profit institutions |
34 CFR 682.401 & 682.603 |
1888 |
191600 |
0.5 |
-95800 |
|
| lenders |
34 CFR 682.401 & 682.603 |
3102 |
574800 |
0.5 |
-287400 |
|
|
|
|
|
|
|
|
| Not-for-profits - institutions |
34 CFR 682.401 & 682.603 |
1888 |
191600 |
0.5 |
-95800 |
|
|
|
|
|
|
|
|
| State, Local, or Tribal Governments - inst. |
34 CFR 682.401 & 682.603 |
1889 |
191600 |
0.5 |
-95800 |
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|
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| Sub-total |
|
8767 |
1149600 |
|
-574800 |
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| 8. Sections 682.200 and 682.602 – Eligible Lender Trustee |
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| Private Sector |
|
|
|
|
|
|
| Business or other for-profits |
|
|
|
|
|
|
| For Profit Institutions 8 |
34 CFR 682.200 & 682.602 |
19 |
19 |
1000 |
19000 |
|
| For Profit Inst -School Affliated Org 8 |
34 CFR 682.200 & 682.602 |
29 |
29 |
1000 |
29000 |
|
|
|
|
|
|
|
|
| Not-for profits |
|
|
|
|
|
|
| Not for Profit Institutions 8 |
34 CFR 682.200 & 682.602 |
19 |
19 |
1000 |
19000 |
|
| Not for Profit Inst -School Affliated Org 8 |
34 CFR 682.200 & 682.602 |
28 |
28 |
1000 |
28000 |
|
|
|
|
|
|
|
|
| State, Local, or Tribal Governments |
|
|
|
|
|
|
| Public Institutions 8 |
34 CFR 682.200 & 682.602 |
19 |
19 |
1000 |
19000 |
|
| Public Inst -School Affliated Org 8 |
34 CFR 682.200 & 682.602 |
29 |
29 |
1000 |
29000 |
|
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|
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|
|
|
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| Sub-total |
|
143 |
143 |
|
143000 |
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|
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| 10. Section 682.409 - Retention of Disbursement Records Supporting MPNs |
|
|
|
|
|
|
| Not-for profits |
|
|
|
|
|
|
| Guarantors 10 |
34 CFR 682.409 |
35 |
250000 |
0.33 |
82500 |
|
|
|
|
|
|
|
|
| Sub-total |
|
35 |
250000 |
|
82500 |
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| GRAND TOTAL |
|
212719 |
1758395 |
|
-291712 |
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