| OMB.1845.0020.Table.09.28.07 |
Sep-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 |
29,273 |
29,273 |
0.25 |
-7,319 |
1 Single Deferment Submissions |
| 2 |
34 CFR 682.401 |
33,246 |
33,246 |
0.08 |
-2,660 |
2 Loan Discharge for Death |
| 5 |
34 CFR 682.603 & 682.604 |
135,000 |
135,000 |
0.50 |
67,500 |
5 Entrance Counseling for Grad/PLUS |
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| Sub-total |
|
197,519 |
197,519 |
|
57,521 |
Increase in burden |
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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 |
3,253 |
3,253 |
0.25 |
-813 |
1 Single Deferment Submissions |
| Lenders 2 |
34 CFR 682.401 |
776 |
22,164 |
0.08 |
-1,773 |
2 Loan Discharge for Death |
| Lenders 3 |
34 CFR 682.409 |
644 |
644 |
0.50 |
322 |
3 Certification of E-Sign for Loans Assigned to ED |
| For Profit Institutions 5 |
34 CFR 682.603 & 682.604 |
503 |
45,000 |
0.02 |
765 |
5 Entrance Counseling for Grad/PLUS |
| For Profit Institutions 6 |
34 CFR 682.401 & 682.603 |
1,888 |
191,600 |
0.50 |
-95,800 |
6 Maximum Loan Period |
| Lenders 6 |
34 CFR 682.401 & 682.603 |
3,102 |
574,800 |
0.50 |
-287,400 |
6 Maximum Loan Period |
| For Profit Institutions 8 |
34 CFR 682.200 & 682.602 |
19 |
19 |
1,000.00 |
19,000 |
8 Eligible Lender Trustee |
| For Profit Inst -School Affliated Org 8 |
34 CFR 682.200 & 682.602 |
29 |
29 |
1,000.00 |
29,000 |
8 Eligible Lender Trustee |
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| Sub-total |
|
10,214 |
837,509 |
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-336,699 |
Decrease in burden |
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| Not-for profits |
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| Guarantors 3 |
34 CFR 682.409 |
72 |
72 |
0.50 |
36 |
3 Certification of E-Sign for Loans Assigned to ED |
| Guarantors 3 |
34 CFR 682.409 (c) |
35 |
35 |
36.00 |
1,260 |
3 Certification of E-Sign for Loans Assigned to ED - software updates |
| Not - for-Profit Institutions 5 |
34 CFR 682.603 & 682.604 |
503 |
45,000 |
0.02 |
765 |
5 Entrance Counseling for Grad/PLUS |
| Not - for-Profit Institutions 6 |
34 CFR 682.401 & 682.603 |
1,888 |
191,600 |
0.50 |
-95,800 |
6 Maximum Loan Period |
| Not for Profit Institutions 8 |
34 CFR 682.200 & 682.602 |
19 |
19 |
1,000.00 |
19,000 |
8 Eligible Lender Trustee |
| Not for Profit Inst -School Affliated Org 8 |
34 CFR 682.200 & 682.602 |
28 |
28 |
1,000.00 |
28,000 |
8 Eligible Lender Trustee |
| Guarantors 10 |
34 CFR 682.409 |
35 |
250,000 |
0.33 |
82,500 |
10 Retention of Disbursement Records Supporting MPNs |
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| Sub-total |
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2,580 |
486,754 |
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35,761 |
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 |
45,000 |
0.02 |
765 |
5 Entrance Counseling for Grad/PLUS |
| Public Institutions 6 |
34 CFR 682.401 & 682.603 |
1,889 |
191,600 |
0.50 |
-95,800 |
6 Maximum Loan Period |
| Public Institutions 8 |
34 CFR 682.200 & 682.602 |
19 |
19 |
1,000.00 |
19,000 |
8 Eligible Lender Trustee |
| Public Inst -School Affliated Org 8 |
34 CFR 682.200 & 682.602 |
29 |
29 |
1,000.00 |
29,000 |
8 Eligible Lender Trustee |
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| Sub-total |
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2,441 |
236,648 |
|
-47,035 |
Decrease in burden |
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| Section B: Burden Impact Totals |
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| Total |
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212,754 |
1,758,430 |
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-290,452 |
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| CURRENT INVENTORY |
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| Current # Respondents |
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899,872 |
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| Current # of Responses |
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899,872 |
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| Current Inventory of Hours |
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10,180,676 |
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| REVISED TOTAL RESPONDENTS |
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1,112,626 |
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| REVISED TOTAL RESPONSES |
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2,658,302 |
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| REVISED TOTAL BURDEN HOURS |
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9,890,224 |
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| Difference |
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-290,452 |
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| Section C: Burden by Regulation Group |
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| 1. Sections 682.210 – Deferment |
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| Individuals |
34 CFR 682.210 |
29,273 |
29,273 |
0.25 |
-7,319 |
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|
|
|
|
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| Business or other for-profits - lenders |
34 CFR 682.210 |
3,253 |
3,253 |
0.25 |
-813 |
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| Sub-total |
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32,526 |
32,526 |
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-8,132 |
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| 2. Sections 682.402 – Loan Discharge for Death |
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| Individuals or Households |
34 CFR 682.401 |
33,246 |
33,246 |
0.08 |
-2,660 |
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| Business or other for-profits - lenders |
34 CFR 682.401 |
776 |
22,164 |
0.08 |
-1,773 |
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| Sub-total |
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34,022 |
55,410 |
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-4,433 |
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| 3. Sections 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 |
0.50 |
322 |
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| Not-for-profits - guaranty agencies |
34 CFR 682.406 34 CFR 682.409 |
72 |
72 |
0.50 |
36 |
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| Not-for-profits - guaranty agencies |
34 CFR 682.409(C) |
35 |
35 |
36.00 |
1,260 |
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| Sub-total |
|
751 |
751 |
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1,618 |
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| 5. Sections 682.603 and 682.604 – Entrance Counseling for Graduate/Professional PLUS Borrowers |
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| Individuals or Households |
34 CFR 682.603 & 682.604 |
135,000 |
135,000 |
0.50 |
67,500 |
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|
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| Business or other for-profits - inst. |
34 CFR 682.603 & 682.604 |
503 |
45,000 |
0.02 |
765 |
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|
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|
|
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| Not-for-profits - institutions |
34 CFR 682.603 & 682.604 |
503 |
45,000 |
0.02 |
765 |
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|
|
|
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| State, Local, or Tribal Governments - inst. |
34 CFR 682.603 & 682.604 |
504 |
45,000 |
0.02 |
765 |
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| Sub-total |
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136,510 |
270,000 |
|
69,795 |
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| 6. Sections 682.401 and 682.603 – Maximum Length of a loan period |
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| Business or other for-profits |
|
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|
|
|
|
| for profit institutions |
34 CFR 682.401 & 682.603 |
1,888 |
191,600 |
0.50 |
-95,800 |
|
| lenders |
34 CFR 682.401 & 682.603 |
3,102 |
574,800 |
0.50 |
-287,400 |
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| Not-for-profits - institutions |
34 CFR 682.401 & 682.603 |
1,888 |
191,600 |
0.50 |
-95,800 |
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| State, Local, or Tribal Governments - inst. |
34 CFR 682.401 & 682.603 |
1,889 |
191,600 |
0.50 |
-95,800 |
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| Sub-total |
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8,767 |
1,149,600 |
|
-574,800 |
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| 8. Sections 682.200 and 682.602 – Eligible Lender Trustee |
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| Private Sector |
|
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|
|
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| Business or other for-profits |
|
|
|
|
|
|
| For Profit Institutions 8 |
34 CFR 682.200 & 682.602 |
19 |
19 |
1,000.00 |
19,000 |
|
| For Profit Inst -School Affliated Org 8 |
34 CFR 682.200 & 682.602 |
29 |
29 |
1,000.00 |
29,000 |
|
|
|
|
|
|
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| Not-for profits |
|
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| Not for Profit Institutions 8 |
34 CFR 682.200 & 682.602 |
19 |
19 |
1,000.00 |
19,000 |
|
| Not for Profit Inst -School Affliated Org 8 |
34 CFR 682.200 & 682.602 |
28 |
28 |
1,000.00 |
28,000 |
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| State, Local, or Tribal Governments |
|
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|
|
|
|
| Public Institutions 8 |
34 CFR 682.200 & 682.602 |
19 |
19 |
1,000.00 |
19,000 |
|
| Public Inst -School Affliated Org 8 |
34 CFR 682.200 & 682.602 |
29 |
29 |
1,000.00 |
29,000 |
|
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| Sub-total |
|
143 |
143 |
|
143,000 |
|
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|
|
|
|
|
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| 10. Section 682.409 - Retention of Disbursement Records Supporting MPNs |
|
|
|
|
|
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| Not-for profits |
|
|
|
|
|
|
| Guarantors 10 |
34 CFR 682.409 |
35 |
250,000 |
0.33 |
82,500 |
|
|
|
|
|
|
|
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| Sub-total |
|
35 |
250,000 |
|
82,500 |
|
|
|
|
|
|
|
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| GRAND TOTAL |
|
212,754 |
1,758,430 |
|
-290,452 |
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| Section D: Current Burden, NPRM Burden, Net Burden by Regulation Group |
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# of Respondents |
# of Responses |
|
Total Hours |
|
| 1. Sections 682.210 – Deferment |
|
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|
|
|
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| Current Burden |
|
137,590 |
16,558 |
|
91,626 |
|
| NPRM Burden |
|
32,526 |
32,526 |
|
-8,132 |
|
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|
|
|
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| Revised Burden |
|
170,116 |
49,084 |
|
83,494 |
|
|
|
|
|
|
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| 2. Sections 682.402 – Loan Discharge for Death |
|
|
|
|
|
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| Current Burden |
|
143,906 |
28,346 |
|
50,903 |
|
| NPRM Burden |
|
34,022 |
55,410 |
|
-4,433 |
|
|
|
|
|
|
|
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| Revised Burden |
|
177,928 |
83,756 |
|
46,470 |
|
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|
|
|
|
|
|
|
|
|
|
|
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| 3. Sections 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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|
|
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| Current Burden |
|
3,060 |
360 |
|
4,072 |
|
| NPRM Burden |
|
751 |
751 |
|
1,618 |
|
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|
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|
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| Revised Burden |
|
3,811 |
1,111 |
|
5,690 |
|
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|
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| 4. Sections 682.603 and 682.604 – Entrance Counseling for Graduate/Professional PLUS Borrowers |
|
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|
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| Current Burden |
|
571,599 |
69,110 |
|
773,731 |
|
| NPRM Burden |
|
135,000 |
135,000 |
|
67,500 |
|
|
|
|
|
|
|
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| Revised Burden |
|
706,599 |
204,110 |
|
841,231 |
|
|
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|
|
|
|
|
|
|
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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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|
|
|
|
| Current Burden |
|
6,389 |
69,110 |
|
26,470 |
|
| NPRM Burden |
|
1,510 |
135,000 |
|
2,295 |
|
|
|
|
|
|
|
|
| Revised Burden |
|
7,899 |
204,110 |
|
28,765 |
|
|
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|
|
|
|
|
|
|
|
|
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| 6. Sections 682.401, 682.603 and 685.301 – Maximum Length of a loan period |
|
|
|
|
|
|
| Current Burden |
|
37,075 |
588,336 |
|
6,638,819 |
|
| NPRM Burden |
|
8,767 |
1,149,600 |
|
-574,800 |
|
|
|
|
|
|
|
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| Revised Burden |
|
45,842 |
1,737,936 |
|
6,064,019 |
|
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|
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|
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|
| 7. Sections 682.200 and 682.602 – Eligible Lender Trustee |
|
|
|
|
|
|
| Current Burden |
|
90 |
90 |
|
1,648,251 |
|
| NPRM Burden |
|
143 |
143 |
|
143,000 |
|
|
|
|
|
|
|
|
| Revised Burden |
|
233 |
233 |
|
1,791,251 |
|
|
|
|
|
|
|
|
| 8. Section 682.409 - Retention of Disbursement Records Supporting MPNs |
|
|
|
|
|
|
| Current Burden |
|
35 |
127,962 |
|
946,804 |
|
| NPRM Burden |
|
198 |
250,000 |
|
82,500 |
|
|
|
|
|
|
|
|
| Revised Burden |
|
233 |
377,962 |
|
1,029,304 |
|
|
|
|
|
|
|
|
| Revised Grand Total |
|
1,112,661 |
2,658,302 |
|
9,890,224 |
|