Federal Family Education Loan Program Regulations

ICR 201511-1845-001

OMB: 1845-0020

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-10-05
ICR Details
1845-0020 201511-1845-001
Historical Active 201309-1845-002
ED/FSA
Federal Family Education Loan Program Regulations
Revision of a currently approved collection   No
Regular
Approved without change 11/02/2015
Retrieve Notice of Action (NOA) 11/02/2015
  Inventory as of this Action Requested Previously Approved
11/30/2018 36 Months From Approved 10/31/2016
17,096,287 0 16,971,195
8,241,898 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
  
None

1840-AD18 Final or interim final rulemaking 80 FR 67203 10/30/2015

No

  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 17,096,287 16,971,195 0 125,092 0 0
Annual Time Burden (Hours) 8,241,898 8,220,632 0 21,266 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
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

  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.
10/19/2015


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