Health Education Assistance Loan (HEAL) Program Regs.

ICR 201406-1845-002

OMB: 1845-0125

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2013-04-25
ICR Details
1845-0125 201406-1845-002
Historical Active 201002-0915-003
ED/FSA 19324
Health Education Assistance Loan (HEAL) Program Regs.
Extension without change of a currently approved collection   No
Regular
Approved without change 06/02/2014
Retrieve Notice of Action (NOA) 06/02/2014
  Inventory as of this Action Requested Previously Approved
06/30/2016 36 Months From Approved
158,564 0 133,352
29,029 0 24,480
0 0 0

The Health Education Assistance Loan (HEAL) Program regulatory requirements for reporting, recordkeeping, and notification are approved under OMB No.0915-0108. The HEAL program provided federally insured loans to students in schools for certain health professions. These reporting, notification, and recordkeeping requirements insure that the lenders, holders, and schools participating in the HEAL program follow sound management procedures in the administration of Federally-insured student loans. The basic purpose of the program was to assure the availablity of funds for loans to eligible students who needed to borrow money to pay for their educational costs.

US Code: 42 USC 292 Name of Law: Health Professions Education, Student Loans
  
None

Not associated with rulemaking

  78 FR 13687 02/28/2013
78 FR 25750 05/02/2013
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 158,564 133,352 0 0 25,212 0
Annual Time Burden (Hours) 29,029 24,480 0 0 4,549 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The number of HEAL holders increased by two in the past three years. However, over the past ten years, the number of holders participating in HEAL has decreased steadily, because; 1) new original loans were not authorized after September 30, 1998; 2) loans are being sold from originating holders (many have terminated from the HEAL Program) to secondary markets; 3) loans are being paid off by the borrower; or 4) borrowers are refinancing out of the HEAL program. Most of the burden changes under the holder category are due to the termination of the HEAL insured refinancing activity on September 30, 2004 and reduction in the number of borrowers with outstanding HEAL loans from $2.5 billion in FY 2003 to $1.4 billion in FY 2006.

$3,716
No
No
No
No
No
Uncollected
Jodi Duckhorn 301 443-1984

  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.
05/08/2013


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