The Federal Family Educational Loan Program regulations provide guidance in areas of program administration, and assure the Secretary that the integrity of the program is protected from fraud and misuse of program funds.
The new proposed TEACH Grant regulations affect the FFEL regulations and provide for the conversion of a TEACH Grant to an unsubsidized Direct Loan when the borrower cannot meet the provisions of the Agreement to teach. TEACH Grant recipients who die will have their grant converted to an unsubsidized Direct Loan and therefore be eligible for a loan discharge under this provision. We project that a very small number of the TEACH Grant recipients will die therefore the amount of burden associated with a loan discharge for death is a modest increase in burden for individuals and loan holders.
US Code:
20 USC 10887a
Name of Law: Higher Education Act 1962, as amended
US Code:
20 USC 1087j
Name of Law: Higher Education Act 1962, as amended
The implementation of Teach Grant regulations as a result of the Negotiated Rulemaking process created additional information collections burden.
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Jeff Baker 2023774009
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.