Federal Perkins/NDSL Loan Assignment Form

Forms and Documents

Document Name	Status
Federal Perkins/NDSL Loan Assignment Form Form	Modified
Perkins Assignment Form Form	New
1845-0048 v6 supporting statement 8 28 2012.docx Supporting Statement A	2012-08-30

IC Document Collections

IC ID	Document Title	Status
22287	Federal Perkins/NDSL Loan Assignment Form Form	Modified
203867	Perkins Assignment Form Form	New

ICR Details

OMB Control No: 1845-0048	ICR Reference No: 201208-1845-003
Status: Historical Active	Previous ICR Reference No: 200906-1845-006
Agency/Subagency: ED/FSA	Agency Tracking No: 4886
Title: Federal Perkins/NDSL Loan Assignment Form
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/09/2012
	Date Received in OIRA: 08/30/2012
Terms of Clearance: This form will not be approved in the future without an electronic system or electronic mailbox. At minimum, the Department needs an email address where schools can send this form with the attached forms.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2015	36 Months From Approved	11/30/2012
Responses	14,055	0	21,262
Time Burden (Hours)	7,028	0	8,505
Cost Burden (Dollars)	0	0	0

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Abstract: Schools participating in the Federal Perkins Loan Program, formerly the National Direct/Defense Student Loan Program (NDSL), currently use this form to assign defaulted loans to the U.S. Department of Education (the Department) for collection. These defaulted loans may, as outlined in 20 U.S.C. 1087cc and under program regulations 34 CFR 674.50, be assigned to the Federal government (i.e., Department of Education) for collection when the school has exhausted all efforts in the recovery of the outstanding loan. In addition, schools use this form to assign loans for which a school has approved a total and permanent disability discharge request, in accordance with 34 CFR 674.61(b) (2) (v).

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Authorizing Statute(s): US Code: 20 USC 1087i-1 Name of Law: Higher Education Act of 1965, as amended
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 38784	06/29/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 52705	08/30/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Perkins Assignment Form	N/A	Perkins Assignment Form
Federal Perkins/NDSL Loan Assignment Form	N/A, N/A	Federal Perkins Loan Progrm NDSL Assignment Form ,   Perkins Assignment Institutional Cert Form

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ICR Summary of Burden

	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	14,055	21,262	0	0	-7,207	0
Annual Time Burden (Hours)	7,028	8,505	0	0	-1,477	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Department is requesting an extension of the current Perkins Loan Assignment form. While there are minor language changes to the instructions and form, it is for clarity not to change the information that is being collected. We are identifying a downward adjustment in the number of assignment forms being filed based on the collection information available for the most recently completed award year based on use of the form and process not on changes to the regulations.

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Annual Cost to Federal Government: $265,775

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 08/30/2012

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