The United States Department of Education will collect data through the National Student Loan Data System (NSLDS) from Federal Perkins Loan holders (or their servicers) and Guaranty Agencies (GA) about Federal Perkins, Federal Family Education, and William D. Ford Direct Student Loans to be used to manage the federal student loan programs, develop policy, and determine eligibility for programs under title IV of the Higher Education Act of 1965, as amended (HEA). NSLDS also holds data about Federal Grants, including PELL, ACG/SMART, and TEACH. NSLDS is used for research, policy analysis, monitoring student enrollment, calculating default rates, monitoring program participants and verifying student eligibility. This revision includes updates to the systems with which NSLDS collects and shares data. We have also updated the associations with which we consult to ensure reporting requirements meet with institutional capabilities.
US Code:
20 USC 1087
Name of Law: Higher Education Amendments of 1965, as amended
This revision includes updates to the systems with which NSLDS collects and shares data. We have also updated the associations with which we consult to ensure reporting requirements meet with institutional capabilities. There are no burden changes from the updates.
However, there is a slight decrease in respondents (-201) and hours (-498). This adjustment is due, in part, to factors such as the burden for guaranty agencies decreasing as the volume of loans has gone down and, many Perkins schools have opted out of the Perkins Program and transferred their portfolio to the Department.
$10,138,196
No
No
No
No
No
No
Uncollected
Valerie Sherrer 2023773547
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.