Federal Perkins/NDSL Loan Assignment Form

Forms and Documents

Document Name	Status
Federal Perkins Loan Assignment Form Form	Modified
Federal Perkins Loan Assignment Form Form	Modified
Response to your comment on Docket ED-2015-ICCD-0098 Federal PerkinsNDSL Loan Assignment Form.msg Supplementary Document	2015-10-05
Appendix PLAS Data File Layout July 2015.pdf Supplementary Document	2015-07-27
1845-0048 supporting statement 10 5 2015.docx Supporting Statement A	2015-10-05

IC Document Collections

IC ID	Document Title	Status
22287	Federal Perkins Loan Assignment Form Form	Modified
203867	Federal Perkins Loan Assignment Form Form	Modified

ICR Details

OMB Control No: 1845-0048	ICR Reference No: 201507-1845-004
Status: Historical Active	Previous ICR Reference No: 201302-1845-004
Agency/Subagency: ED/FSA	Agency Tracking No:
Title: Federal Perkins/NDSL Loan Assignment Form
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/04/2015
	Date Received in OIRA: 10/09/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2018	36 Months From Approved	12/31/2015
Responses	15,096	0	14,055
Time Burden (Hours)	7,548	0	7,028
Cost Burden (Dollars)	0	0	0

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Abstract: Institutions participating in the Federal Perkins Loan program use the assignment form to assign loans to the Department for collection without recompense, transferring the authority to collect on the loan. This request is for continuing approval off the paper based assignment form and for approval of the electronic process being finalized. The same information is being requested in both processing methods. The electronic process will allow for batch processing as well as individual processing.

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Authorizing Statute(s): US Code: 20 USC 1087aa-1087ii Name of Law: Higher Education Act of 1965, as amended
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 45511	07/30/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 61202	10/09/2015
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Federal Perkins Loan Assignment Form	NA	Perkins Assignment Form
Federal Perkins Loan Assignment Form	NA	Perkins Assignment Form

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ICR Summary of Burden

	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	15,096	14,055	0	0	1,041	0
Annual Time Burden (Hours)	7,548	7,028	0	0	520	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Department is requesting a revision of the current Perkins Loan Assignment form to include electronic processing. There is a downward adjustment in the number of respondents but an increase in the number of assignment forms and burden hours associated with the processing based on 2014 usage. There has been no change to the statute or regulations regarding this requirement. The burden change is an adjustment based on a re-estimation of usage of the form.

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Annual Cost to Federal Government: $305,641

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 10/09/2015

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