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
11/30/2015
36 Months From Approved
11/30/2012
14,055
0
21,262
7,028
0
8,505
0
0
0
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).
US Code:
20 USC 1087i-1
Name of Law: Higher Education Act of 1965, as amended
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.
$265,775
No
No
No
No
No
Uncollected
Beth Grebeldinger 202 708-8242
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.
Federal Perkins/NDSL Loan Assignment Form
1845-0048 v6 supporting statement 8 28 2012.docx
Federal Perkins/NDSL Loan Assignment Form