Pre-approval
contingent upon no substantive changes to this collection after
adoption of the final rule. Otherwise this collection should be
re-submitted to OMB for review.
Inventory as of this Action
Requested
Previously Approved
10/31/2015
36 Months From Approved
10/31/2012
25,347,555
0
25,317,115
12,352,197
0
12,351,284
0
0
0
The Federal Family Educational Loan
Program proposed regulations revise current regulations in areas of
program administration and assure the Secretary that program
integrity is protected from fraud and misuse of program funds. The
proposed regulations provide for additional disclosure
requirements, due diligence requirements, provide new
administrative forbearances, as well as changes to income-based
repayment plans.
US Code:
20
USC 1001 Name of Law: Higher Education Act of 1965, as
amended
These final regulations
streamline the current total and permanent disability (TPD)
discharge process. Currently, if a borrower has multiple lenders, a
TPD application for each lender/holder must be completed and
submitted. Under the regulations, a holder will refer the borrower
requesting this type of discharge to the Department, who will then
contact all the holders so that collection efforts will be
suspended for a period of time to allow the borrower to obtain,
complete, and submit the TPD application. But, since this
assessment was not previously established, no burden reduction can
be realized, instead we are increasing burden by 913 hours to
reflect the burden associated with the TPD referral process.
$0
No
No
No
No
No
Uncollected
Dan Klock 202 377-4026
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.
FINAL REG Supp StateOMB.1845.0020.v.10.08.29.12.docx
Federal Family Education Loan Program -- state, local, or tribal gov't