The Department of Education proposes
to amend the Federal Family Education Loan (FFEL) Program
regulations to implement changes Subpart D – Administration of the
Federal Family Education Loan Programs by a Guaranty Agency for
§682.402(e) and §682.414(b). These proposed regulations are a
result of negotiated rulemaking and would add new requirements to
the current regulations. The proposed regulations in
§682.402(e)(6)(iii) would require if a FFEL borrower submits an
application for discharge that a FFEL program loan holder
determines is incomplete, the loan holder would notify the borrower
of that determination and allow the borrower 30 days to amend the
application and provide supplemental information. The proposed
regulations in §682.402(e)(6)(vii) would require a guaranty agency
to issue a decision that explains the reasons for any adverse
determination on a false certification discharge application,
describes the evidence on which the decision was made, and provides
the borrower, upon request, copies of the evidence. The guaranty
agency would consider any response or additional information from
the borrower and notify the borrower as to whether the
determination is changed. The proposed regulations in
§682.402(e)(6)(ix) would provide the borrower with the option to
request that the Secretary review the guaranty agency's decision.
The proposed regulations in §682.414(b)(4), would require FFEL
Program lenders to report detailed information related to a
borrower’s deferments, forbearances, repayment plans, delinquency,
and contact information on any FFEL loan to the Department by an
established deadline.
US Code:
20 USC 1071- 1087-4 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 program change. The
increase in burden to this information collection is 15,602 hours
based on an additional total 560 estimated responses.
$0
No
No
No
No
No
No
No
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.