The Department of Education (the Department) is submitting the Lender’s Interest and Special Allowance Request & Report, ED Form 799 for 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 General Accounting 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 latest form for Lender's Request for Payment of Interest and Special Allowance - LaRS expires 2023-03-31 and can be found here.
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Form and Instruction |
Form and Instruction |
Supporting Statement A |
Federal Enterprise Architecture: Education - Higher Education
Form ED Form 799 | LARS 799 Form | www.fp.ed.gov/fms.html | Form and instruction |
Review document collections for all forms, instructions, and supporting documents - including paper/printable forms.