Federal Family Education Loan Program -- private sector

Federal Family Education Loan Program Regulations

Att_OMB.1845.0020.FFEL.TABLE.05.21.09.xls

Federal Family Education Loan Program -- private sector

OMB: 1845-0020

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OMB.1845.0020.v.8 Table. 05.21.09




Respondent Type Requirement # of Respondents # of Responses Hours/Response Total Hours
Section A: Burden by Affected Entity





Federal Government












Individuals or Households





Borrowers - (PRA Issue #2) 34 CFR 682.206 10,032 10,032 1.00 10,032
Borrowers - Entrance Interviews 34 CFR 682.604 5,939,400 5,939,400 0.08 475,152
Borrowers - Exit Interviews 34 CFR 682.604 5,404,854 5,404,854 0.08 432,388







Sub-total
11,354,286 11,354,286
917,572







Private Sector





Business or other for-profits





Lenders -Consolidation loans (PRA Issue #2) 34 CFR 682.206 11,147 11,147 0.08 892
Lenders - addt'l notice for troubled borrowers (PRA #8) 34 CFR 682.205 4,692,126 4,692,126 0.17 797,661
Lenders - notice consolidation app received (PRA Issue # 2) 34 CFR 682.206 670,753 670,753 0.08 53,660
Lenders - Forbearance (PRA Issue #3) 34 CFR 682.211 481,330 481,330 0.03 14,440
Lenders - Forbearance capitalization info - (PRA Issue #10) 34 CFR 682.211 2,696,673 2,696,673 0.08 215,734
Lenders - Income-Based Repayment (PRA Issue #4) 34 CFR 682.215 1,128,579 1,128,579 0.08 90,286
Lenders - ELTs and audits (PRA Issue # 11) 34 CFR 682.305 109 109 100.00 10,900
Institutions - Proprietary - expanded information (PRA Issue # 12) 34 CFR 682.401 1,295 1,295 2.00 2,590
Institutions - Proprietary - entrance interviews 34 CFR 682.604 1,295 1,295 3.00 3,885
Institutions - Proprietary - exit interviews 34 CFR 682.604 1,295 1,295 3.00 3,885





















Sub-total
9,684,602 9,684,602
1,193,933







Not-for profits





Institutions - Private School as lender & audits (PRA Issue #11) 34 CFR 682.305 72 72 100.00 7,200
Institutions - Private expanded information (PRA Issue #12) 34 CFR 682.401 1,536 1,536 2.00 3,072
Guaranty Agencies - expanded information (PRA Issue #12) 34 CFR 682.401 36 36 10.00 360
Guaranty Agencies - credit agency notification (PRAA Issue # 14) 34 CFR 682.405(b) 229,899 229,899 0.08 18,392
Guaranty Agencies - rehabiilitated loans and financial literacy info (PRA #13) 34 CFR 682.405(c) 143,687 143,687 0.17 24,427
Guaranty Agencies - 2nd notice (PRA Issue # 15) 34 CFR 682.410 734,918 734,918 0.08 58,793
Institutions - Private - entrance interviews 34 CFR 682.604 1,536 1,536 3.00 4,608
Institutions - Private - exit interviews 34 CFR 682.604 1,536 1,536 3.00 4,608







Sub-total
1,113,220 1,113,220
121,460







Farms












State, Local, or Tribal Governments





Institutions - Public - expanded information (PRA Issue # 12) 34 CFR 682.401 1,363 1,363 2.00 2,726
Institutions - Public - entrance interviews 34 CFR 682.604 1,363 1,363 3.00 4,089
Institutions - Public - exit interviews 34 CFR 682.604 1,363 1,363 3.00 4,089







Sub-total
4,089 4,089
10,904







Total
22,156,197 22,156,197 2,243,869







Section B: Burden Impact Totals












CURRENT INVENTORY





Current # Respondents
1,238,280



Current # of Responses

2,783,956


Current Inventory of Hours



9,921,638
REVISED TOTAL RESPONDENTS
23,394,477



REVISED TOTAL RESPONSES

24,940,153


REVISED TOTAL BURDEN HOURS



12,165,507














Difference



2,243,869







Section C: Burden by Section of the Regulations TEAMS I & II





TEAM I PRA





1. Section 682.402 - Loan Discharges for disabled Vets





PRA Issues 1 - in OMB 1845-0065












2. Section 682.205 – Disclosures





Lenders - addt'l notice for troubled borrowers (PRA #8) 34 CFR 682.205 4,692,126 4,692,126 0.17 797,661







TOTAL
4,692,126 4,692,126
797,661







3. Section 682.206 - Due diligence





Borrowers - (PRA Issue #2) 34 CFR 682.206 10,032 10,032 1.00 10,032
Lenders -Consolidation loans (PRA Issue #2) 34 CFR 682.206 11,147 11,147 0.08 892
Lenders - notice consolidation app received (PRA Issue # 2) 34 CFR 682.206 670,753 670,753 0.08 53,660







Total For Lenders
681,900 681,900
54,552







TOTAL
691,932 691,932
64,584







4. Section 682.211(f) - Forbearance





Lenders - Forbearance (PRA Issue #3) 34 CFR 682.211 481,330 481,330 0.03 14,440







TOTAL
481,330 481,330
14,440







4. Section 682.211(e) - Forbearance





Lenders - Forbearance capitalization info - (PRA Issue #10) 34 CFR 682.211 2,696,673 2,696,673 0.08 215,734







TOTAL
2,696,673 2,696,673
215,734







5. Section 682.215 - IBR 34 CFR 682.215 1,128,579 1,128,579 0.08 90,286







TOTAL
1,128,579 1,128,579
90,286







6. Section 682.305 ELTs and audits





Lenders - ELTs and audits (PRA Issue # 11) 34 CFR 682.305 109 109 100.00 10,900
Institutions - Private School as lender & audits (PRA Issue #11) 34 CFR 682.305 72 72 100.00 7,200







TOTAL
181 181
18,100







7. Section 682.401 Consumer Information provided by GAs





Institutions - Proprietary - expanded information (PRA Issue # 12) 34 CFR 682.401 1,295 1,295 2.00 2,590
Institutions - Private expanded information (PRA Issue #12) 34 CFR 682.401 1,536 1,536 2.00 3,072
Institutions - Public - expanded information (PRA Issue # 12) 34 CFR 682.401 1,363 1,363 2.00 2,726







Total for Institutions
4,194 4,194
8,388







7. Section 682.401 Guaranty Agencies - expanded info (PRA Issue #12) 34 CFR 682.401 36 36 10.00 360







TOTAL FOR 682.401
4,230 4,230
8,748







8. Section 682.405 (b) Credit agency notification (PRA Issue #14) 34 CFR 682.405(b) 229,899 229,899 0.08 18,392







TOTAL
229,899 229,899
18,392







9. Section 682.405(c) rehabilitatied loans and financial literacy info (PRA #13) 34 CFR 682.405© 143,687 143,687 0.17 24,427







TOTAL
143,687 143,687
24,427







10. Section 682.410





Guaranty Agencies - 2nd notice (PRA Issue # 15) 34 CFR 682.410 734,918 734,918 0.08 58,793







TOTAL
734,918 734,918
58,793





















TEAM II PRA





Section 682.604 - Entrance and Exit Interviews





Borrowers - Entrance Interviews 34 CFR 682.604 5,939,400 5,939,400 0.08 475,152







Institutions - Proprietary - entrance interviews 34 CFR 682.604 1,295 1,295 3.00 3,885
Institutions - Private - entrance interviews 34 CFR 682.604 1,536 1,536 3.00 4,608
Institutions - Public - entrance interviews 34 CFR 682.604 1,363 1,363 3.00 4,089
Sub-total
4,194 4,194
12,582














Borrowers - Exit Interviews 34 CFR 682.604 5,404,854 5,404,854 0.08 432,388







Institutions - Proprietary - exit interviews 34 CFR 682.604 1,295 1,295 3.00 3,885
Institutions - Private - exit interviews 34 CFR 682.604 1,536 1,536 3.00 4,608
Institutions - Public - exit interviews 34 CFR 682.604 1,363 1,363 3.00 4,089
Sub-total
4,194 4,194
12,582














TOTAL for 682.604
11,352,642 11,352,642
932,704







Grand Total
22,156,197 22,156,197
2,243,869





































































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