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.