Form 1

Recordkeeping Requirements

Regulatory/section requirements	Number of Record keepers	Hours per year	Total Burden Hours
HPSL Program:
57.206(b)(2), Documentation of Cost of Attendance
57.208(a), Promissory Note
57.210((b)(1)(i), Documentation of Entrance Interview
57.210(b)(1)(ii), Documentation of Exit Interview
57.215(a)&(d), Program Records
57.215(b), Student Records
57.215(c), Repayment Records
HPSL Subtotal

Reporting Requirements

Regulatory/section requirements	Number of Respondents	Responses per Respondent	Total annual responses	Hours per response	Total hour burden
HPSL Program:
57.206(a)(2), Student Financial Aid Transcript
57.208(c), Loan Information Disclosure
57.210(b)(1)(i), Entrance Interview
57.210(b)(1)(ii), Exit Interview
57.210(b)(1)(iii), Notification of Repayment
57.210(b)(1)(iv), Notification During Deferment
57.210(b)(1)(vi), Notification of Delinquent Accounts
57.210(b)(1)(x), Credit Bureau Notification
57.210(b)(4)(i), Write-off of Uncollectible Loans
57.211(a) Disability Cancellation
57.215(a)(2), Administrative Hearings
57.215(a)(d), Administrative Hearings
HPSL Subtotal

Definitions

Documentation of Cost of Attendance

School must document criteria used for determining reasonable costs necessary for the students attendance

Promissory Note

Each HPSL or NSL loan must be evidenced by a Promissory Note

Documentation of Entrance Interview

School much conduct an entrance interview with borrower prior to disbursing HPSL/NSL

funds

Documentation of Exit Interview

School must document an exit interview with the borrower

Program Records

School must maintain records relating to HPSL/NSL funds

Student Records

Approved student applications, documentation of financial need records and financial aid

transcripts

Repayment Records

Repayment records for each borrower

Student Financial Aid Transcript

Applicants who attended an institution of higher education must submit a financial aid

transcript

Loan Disclosure Requirements

School must disclose loan information to students with receive HPSL

Notification of Repayment

School must notify borrower in writing of repayment obligation

Notification during Deferment

School must notify borrower in deferment of repayment obligations 1 to 3 prior to

expiration

Notification of Delinquent Accounts

School must make at least for attempts to contact borrower prior to loan becoming 120

days past due

Credit Bureau Notification

School must become a member of a credit bureau and notify the credit bureau of accounts

past due

Write-off of Uncollectible Loans

School must contact the Department within 30 days of determining that the loan is

uncollectible

Disability Cancellation

School must recommend do the Secretary a borrower to be permanently and totally

Disabled

Evidence of Educational Loans

Borrowers must provide evidence of loans for which they are requesting partial payment

for service in a health professional shortage area

Administrative Hearings

A school which fails to comply with reporting requirements relating to the operation of

the program may request a formal hearing

Administrative Hearings

A school which fails to comply with requirement to reduce its default rates may request a

formal hearing

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