Federal Family Educational Loan Program - Servicemembers Civil Relief Act (SCRA)

ICR 201211-1845-005

OMB: 1845-0093

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2012-11-27
Supporting Statement A
2013-01-31
ICR Details
1845-0093 201211-1845-005
Historical Active 200910-1845-002
ED/FSA 1457.04
Federal Family Educational Loan Program - Servicemembers Civil Relief Act (SCRA)
Extension without change of a currently approved collection   No
Regular
Approved with change 01/31/2013
Retrieve Notice of Action (NOA) 11/27/2012
  Inventory as of this Action Requested Previously Approved
01/31/2016 36 Months From Approved 01/31/2013
4,951 0 13,550
817 0 2,236
0 0 0

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
  
None

Not associated with rulemaking

  77 FR 58817 09/24/2012
77 FR 70740 11/27/2012
No

  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 4,951 13,550 0 -8,599 0 0
Annual Time Burden (Hours) 817 2,236 0 -1,419 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
Yes
Miscellaneous Actions
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.
11/27/2012


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