Lender's Request for Payment
of Interest and Special Allowance - LaRS
Extension without change of a currently approved collection
No
Regular
11/21/2025
Requested
Previously Approved
36 Months From Approved
01/31/2026
1,160
1,452
2,827
3,539
0
0
The Department of Education (the
Department) is submitting the Lender’s Interest and Special
Allowance Request & Report, ED Form 799 for extension of the
current OMB approval. The information collected on the ED Form 799
is needed to pay interest and special allowance to holders of
Federal Family Education Loans, for internal financial reporting,
budgetary projections, and for audit and lender reviews by the
Department, Servicers, External Auditors and Government
Accountability Office (GAO). The legal authority for collecting
this information is Title IV, Part B of the Higher Education Act of
1965, as amended by the Higher Education Reconciliation Act of 2005
(“the HERA”), (Pub. L. 109-171). The Department is requesting the
continual approval for regulatory sections 682.304 and
682.414.
The Department is requesting an
extension citing a total burden hours of 2,827. This is an
adjustment based on a decrease of 712 hours. The reduction is due
to a decrease of participating lenders. There are no program or
form changes.
$237,140
No
No
No
No
No
No
No
Carolyn Rose 202
803-1502
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.