OMB files this
comment in accordance with 5 CFR 1320.11( c ). This OMB action is
not an approval to conduct or sponsor an information collection
under the Paperwork Reduction Act of1995. This action has no effect
on any current approvals. If OMB has assigned this ICR a new OMB
Control Number, the OMB Control Number will not appear in the
active inventory. For future submissions of this information
collection, reference the OMB Control Number provided. Resubmit
when proposed rule is finalized.
Inventory as of this Action
Requested
Previously Approved
10/31/2015
36 Months From Approved
10/31/2015
25,347,555
0
25,347,555
12,352,197
0
12,352,197
0
0
0
The Federal Family Educational Loan
(FFEL) Program proposed regulations revise current regulations in
areas of program administration. First, the proposed regulations
indicate the regulatory changes made in the provisions related to
forbearance, reasonable and affordable loan rehabilitation, and
administrative wage garnishment along with the associated changes
in burden. Second, the proposed regulatory changes describing the
removal unneeded FFEL regulations as a result of the Student Aid
and Fiscal Responsibility (SAFRA) Act which, as of July 1, 2010,
terminated the authority for lenders to make new loans under the
FFEL program. These circumstances require a change in the current
burden hours.
US Code:
20 USC 1071, et.al Name of Law: Higher Education Act of 1965,
as amended
The Department is requesting
revision to the current FFEL Program information collection under
OMB 1845-0020 to reflect the statutory and regulatory changes to
the program. The proposed regulations modify forbearance
provisions, reasonable and affordable loan rehabilitation
processes, and a number of provisions affecting administrative wage
garnishment provisions. Substantial regulatory changes and burden
reduction would be made due to the proposed repeal of unneeded FFEL
regulations as a result of SAFRA which was included in the Health
Care and Reconciliation Act of 2010. This terminated the authority
of lenders to make new loans under the FFEL program.
$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.
NPRM072913e.pdf
For-Profit Institutions Affected Party Information 1845-0020 v12.doc
SUPPORTING STATEMENT 1845 0020 v 12 06 27 13.docx
Federal Family Education Loan Program -- State