The Department is requesting a revision of the current information collection. These Federal Family Education Loan (FFEL) Program regulations require a loan holder to match its database against the Defense Manpower Data Center (DMDC) and automatically apply the interest rate limitation, as appropriate, to borrowers under the Servicemembers Civil Relief Act (SCRA). There has been no change in the statute or in the regulations. The Department is revising downward the overall collection burden due to the decreasing number of FFEL loan holders and affected loans. Additionally, the Department is removing the minimal burden previously assessed individuals as a separate form was created subsequent to the initial information collection and the burden on individuals is more appropriate linked to that information collection.
US Code:
20 USC 1087-1
Name of Law: Higher Education Act of 1965, as amended
The Department is requesting a revision of this information collection. The regulations associated with this collection have not changed since 2015. The program change is due to the decrease of 72,739 burden hours caused, in part, by the transition to the automated, electronic transfer of information between the DOD and the Department, as well as on the decrease in the number of lenders participating in the FFEL program. The adjustment is due to the removal of the 20 hours of burden for 59 individuals as it is currently captured under the SCRA request form, OMB approved information collection 1845-0135.
$0
No
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.