Federal Perkins/NDSL Loan Assignment Form

Forms and Documents

Document	Type	Status	Availability
Federal Perkins Loan Assignment Form	Form	Modified	Repair queued
Federal Perkins Loan Assignment Form	Form	Modified	Repair queued
1845-0048 30D supporting statement 2024.docx	Supporting Statement A	Uploaded 2024-07-01	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
22287	Federal Perkins Loan Assignment Form	Form	Modified
203867	Federal Perkins Loan Assignment Form	Form	Modified

ICR Details

OMB Control No: 1845-0048	ICR Reference No: 202404-1845-006
Status: Received in OIRA	Previous ICR Reference No: 202106-1845-001
Agency/Subagency: ED/FSA	Agency Tracking No: ED-2024-SCC-0061
Title: Federal Perkins/NDSL Loan Assignment Form
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 07/08/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	10/31/2024
Responses	144,114	75,072
Time Burden (Hours)	72,058	37,537
Cost Burden (Dollars)	0	0

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Abstract: The U.S. Department of Education (the Department) is authorized to accept Federal Perkins Loan (Perkins Loan) Program assignments under Section 463(a)(5) of the Higher Education Act of 1965, as amended. Institutions participating in the Perkins Loan program, including loans made under the National Direct/Defense Student Loan Program (NDSL), use the form (OMB Control Number 1845-0048) to assign loans to the Department for collection without recompense. This request is for approval of the assignment form which allows for assignment of Perkins Loans either individually or in a batch format, utilizing either the paper based or electronic filing format. An institution may use the form to assign one or more loans to the Department at any time throughout the year. Some conditions under which an institution could utilize the assignment form include defaulted loans, total permanent disability discharges, voluntary withdrawal from the program, termination from the program, closure of the institution and liquidation of its Perkins Loan portfolio. The Department is requesting an extension of the currently approved collection. There has been no change to the form. There has been a change in the number of respondents, responses, and burden hours.

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Authorizing Statute(s): US Code: 20 USC 1087aa-1087ii Name of Law: Higher Education Act of 1965, as amended
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 31187	04/24/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 55234	07/03/2024
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Federal Perkins Loan Assignment Form	N/A	N/A
Federal Perkins Loan Assignment Form	N/A	N/A

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ICR Summary of Burden

	Total Request	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	144,114	75,072	0	0	69,042	0
Annual Time Burden (Hours)	72,058	37,537	0	0	34,521	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The Department is requesting an extension of the current information collection. We are identifying an upward adjustment in the number of respondents (+410), in the number of assignment forms being filed (+69,042), and the hours associated with the assignment process (+34,521) based on the collection information available on use of the form and process for 2023. There have been no changes to the regulations. The burden change is an adjustment based on a re-estimation of usage of the form.

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Annual Cost to Federal Government: $758,860

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 07/08/2024

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