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
10/31/2018
36 Months From Approved
10/31/2018
1,329,098
0
1,329,098
2,215,970
0
2,215,970
0
0
0
The Department of Education (the
Department) proposes to amend the Student Assistance General
Provisions regulations to implement changes made to the Student
Assistance General Provisions regulations in §§668.14, 668.171 and
668.175.. These proposed regulations are a result of negotiated
rulemaking and would add new requirements to the current
regulations. These proposed regulations in §668.14 are intended to
increase outreach by the Secretary and institutions and make more
information available to borrowers eligible for a closed school
discharge so that they are aware of the option. The proposed
regulations in §668.171 include conditions and events that trigger
a requirement that the school provide financial protection, such as
a letter of credit. The proposed regulations in §668.175 identifies
the amounts of financial protection required in the event of
particular occurrences.
This request is to revise the
currently approved information collection. These changes are due to
the proposed regulations offered through program changes. The
increase in burden to this information collection is 69,271 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.