FFELP regulation 682.401

Section 682.401 – Basic program agreement.

The HEA has been amended to establish a new College Access Initiative for guaranty agencies to create and carry out a plan to promote access to postsecondary education for each state. Most agencies currently offer this information already, therefore the additional burden will be relatively small. For 33 guaranty agencies who already provide information via the Internet, they will document once to the Department their plan to provide a comprehensive listing of postsecondary education opportunities available in the areas they serve. We estimate that for two agencies, the burden to both establish a plan to promote access and provide information via the Internet will be more significant.

Number of Burden per Total Burden

Respondents Respondent per Respondent

33 GAs X 10 hours = 330 hours

2 GAs X 250 hours = 500 hours

All GAs Total Burden Hours for All GAs

35 830 hours

There is no additional cost associated with this burden since guaranty agencies are already providing for information to its public about access to postsecondary education. The burden to the guaranty agencies will be incurred in the first year only and thereafter we expect no significant additional burden.