The Health Education Assistance Loan (HEAL) forms are required for lenders to make application to the HEAL insurance program, to report accurately and timely on loan actions, including transfer of loans to a secondary agent, and to establish the repayment status of borrowers who qualify for deferment of payments using form 508. The reports assist in the diligent administration of the HEAL program, protecting the financial interest of the federal government.
US Code:
42 USC 292
Name of Law: Public Health Service Act
ED is requesting a revision to the currently approved information collection for HEAL forms 504 and 508 as well as the data sets, Borrower Loan Status Updates and Loan Purchases and Consolidation. ED is increasing the number of hours by one hour to a total of 24, the number of respondents by 23 and the number of responses by 16. These slight program changes are due to the continued use of the deferment form by eligible borrowers and the continued use of the required reporting mechanisms by HEAL loan holders.
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.