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.
Inventory as of this Action
Requested
Previously Approved
11/30/2018
36 Months From Approved
11/30/2018
17,096,287
0
17,096,287
8,241,898
0
8,241,898
0
0
0
The Department of Education (the
Department) proposes to amend the Federal Family Education Loan
(FFEL) Program regulations to implement changes made to §682.211
and §682.402. These proposed regulations are a result of negotiated
rulemaking and would add new requirements to the current
regulations. The proposed regulations in §682.211 would require a
lender to grant a mandatory administrative forbearance to a
borrower upon being notified by the Secretary that the borrower has
submitted an application for a borrower defense discharge related
to a FFEL Loan that the borrower intends to pay off through a
Direct Loan Program Consolidation Loan for the purpose of obtaining
relief, as reflected in proposed §685.212(k). The proposed
regulations in §682.402 would require a guaranty agency that denies
a closed school discharge request to inform the borrower of the
opportunity for a review of the guaranty agency’s decision by the
Secretary, and explain how the borrower may request such a review;
describe the responsibilities of the guaranty agency and the
Secretary if the borrower requests such a review; upon resuming
collection of a loan, to provide a Perkins, FFEL, or Direct Loan
borrower with another closed school discharge application, and an
explanation of the requirements and procedures for obtaining the
discharge; authorize the a guaranty agency with the Department’s
permission, to grant a closed school discharge to an FFEL borrower
without a borrower application based on information in the
Department’s or guaranty agency’s possession that the borrower did
not subsequently re-enroll in any title IV-eligible institution
within a period of three years after the school closed.
US Code:
20 USC 1071- 1084-4 Name of Law: Higher Education Act of 1965,
as amended
This request is to revise the
currently approved information collection. These changes are due to
the proposed regulations offered through agency estimate. The
increase in burden to this information collection is 7,622 hours.
These changes to the regulations are a result of negotiated
rulemaking.
$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.
1845-0020 Supporting Statement BD NPRM.docx
Federal Family Education Loan Program -- state, local, or tribal gov't