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 of 1995. 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.
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
10/31/2016
36 Months From Approved
10/31/2016
16,971,195
0
16,971,195
8,220,632
0
8,220,632
0
0
0
These proposed Federal Family Education Loan (FFEL) Program regulations revise the current regulations by requiring a guaranty agency to engage in outreach to a borrower with whom it has entered into a rehabilitation agreement to ensure that the borrower understands the repayment options that will be available to the borrower after the successful rehabilitation of the defaulted loan. These proposed regulation changes are a result of negotiated rulemaking and would update the current regulations. The Department is requesting continued approval of the current collection along with consideration of the proposed revisions.
US Code:
20 USC 1071, et.al
Name of Law: Higher Education Act of 1965, as amended
The Department is requesting a revision of the current FFEL Program regulations under this information collection to reflect regulatory changes brought about through Negotiated Rulemaking. This is a program change due to agency discretion. The proposed regulations modify provisions governing loan rehabilitation. There is an increase of 21,266 hours in burden and an increase of 125,091 responses from the current collection.
$0
No
No
No
No
No
Uncollected
Ian Foss 202 377-3681
Reginfo record details
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.
60D_1845-0020_20150605 final.docx
Federal Family Education Loan Program -- state, local, or tribal gov't