This is a request for an extension of
the approved recordkeeping requirements contained in the
regulations related to the administrative requirements of the
Federal Family Education Loan (FFEL) program. Effective August 14,
2008, upon a holder's receipt of a written request from a borrower
and a copy of the borrower's military orders, the regulations at 34
CFR 682.202(a)(8) provide that the maximum interest (as defined in
50 U.S.C. 527, App. Section 207(d)) that may be charged on FFEL
loans made prior to the borrower entering active duty status is six
percent while the borrower is on active duty status.
US Code:
20
USC 1087-1 Name of Law: Higher Education Act of 1965, as
amended
US Code: 20
USC 1078 Name of Law: Higher Education Act of 1965, as
amended
The Department is requesting an
extension of this information collection. The regulations requiring
this collection are still in place without change. There has been
an overall decrease in burden under these regulations, as there are
fewer holders of Federal Family Education Loans (FFEL) due to the
statutory change eliminating the origination of new FFEL loans. The
overall decrease in burden is 1,419.
$0
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.