Agreements between an eligible school and the Secretary to participate in the Direct Loan Program

ICR 201612-1845-005

OMB: 1845-0143

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-10-20
IC Document Collections
ICR Details
1845-0143 201612-1845-005
Historical Active 201610-1845-006
ED/FSA
Agreements between an eligible school and the Secretary to participate in the Direct Loan Program
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 12/05/2016
Retrieve Notice of Action (NOA) 12/05/2016
  Inventory as of this Action Requested Previously Approved
12/31/2019 36 Months From Approved
1,010,519 0 0
179,362 0 0
0 0 0

The Department of Education (the Department) amends the William D. Ford Federal Direct Loan (Direct Loan) Program regulations issued under the Higher Education Act of 1965, as amended (HEA), to implement changes made to the regulations in §685.300. These final regulations are a result of negotiated rulemaking and will add new requirements to the current regulations. These final regulations in §685.300 will add provisions to schools’ Direct Loan program participation agreements that, for claims that may form the basis for borrower defenses that prevent schools from requiring that students first engage in a school’s internal complaint process before contacting accrediting and government agencies about the complaint; prohibit the use of mandatory pre-dispute arbitration agreements by schools; prohibit the use of class action lawsuit waivers; to the extent schools and borrowers engage in arbitration in a manner consistent with applicable law and regulation, require schools to disclose to and notify the Secretary of arbitration filings and awards.

US Code: 20 USC 1070g, 1087a et seq,, 1094 Name of Law: Higher Education Act of 1965, as amended
  
None

1840-AD19 Final or interim final rulemaking 81 FR 75926 11/01/2016

No

1
IC Title Form No. Form Name
Regulatory requirements in 685.300 - For-profit entities

  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 1,010,519 0 0 1,010,519 0 0
Annual Time Burden (Hours) 179,362 0 0 179,362 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
This request is for a new information collection. These changes are due to the regulations offered through agency discretion. The increase in burden to this information collection is 179,362 hours. These new regulations are a result of negotiated rulemaking.

$0
No
No
No
No
No
Uncollected
Beth Grebeldinger 202 708-8242

  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.
10/24/2016


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