Cohort Default Rates for Institutions Participating in the FFEL or Direct Loan Programs

ICR 200711-1845-003

OMB: 1845-0022

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2007-11-13
ICR Details
1845-0022 200711-1845-003
Historical Active 200706-1845-012
ED/FSA 3528
Cohort Default Rates for Institutions Participating in the FFEL or Direct Loan Programs
Revision of a currently approved collection   No
Regular
Approved without change 02/06/2008
Retrieve Notice of Action (NOA) 11/14/2007
  Inventory as of this Action Requested Previously Approved
02/28/2011 36 Months From Approved 02/29/2008
245,368 0 93,877
1,191,391 0 1,209,890
0 0 0

The regulations establish the standards to participate in the student financial assistance programs authorized by Title IV of the Higher Education Act of 1965 (Title IV, HEA programs).

US Code: 20 USC 1001 Name of Law: Higher Education Act of 1965, as amended
  
None

1840-AC91 Final or interim final rulemaking 72 FR 62014 11/01/2007

No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 245,368 93,877 0 151,491 0 0
Annual Time Burden (Hours) 1,191,391 1,209,890 0 -18,499 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
Yes
Changing Regulations
There are changes to the regulatory sections that align the payment periods and disbursements of Title IV grant and loan funds, thus decreasing burden on schools and students. In addition, there are changes to the requirements for disbursement of post-withdrawal grant proceeds, which reduce the burden on institutions by eliminating a notification and confirmation process, in those cases where the student is eligible to receive a disbursement of Title IV grant funds directly.

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Dan Klock 202 377-4026

  No

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.
11/14/2007


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