This approval covers information collection requirements in five FFEL final rules: General Administration (7,504 hours program increase in burden hours; Repayment, Deferments, and Forbearances (21,000 hours program decrease); Special Insurance and Reinsurance (643,200 hours program increase); Stafford Loan Forgiveness program (500 hours progra increase -- this collection is approved only on the condition that the program receives funding); and the FFEL corrections rule (330 hours program increase).
Inventory as of this Action
Requested
Previously Approved
05/31/1997
05/31/1997
05/31/1997
12,805,393
0
12,797,333
30,010,785
0
29,380,251
0
0
0
STUENT LOANS - FINANCIAL AID. THESE REGULATIONS IMPLEMENT CHANGES TO THE HIGHER EDUCATION ACT OF 1965 BY THE HIGHER EDUCATION AMENDMENTS OF RATES, ORIGINATION FEES, AND INSURANCE PREMIUMS. PRESCRIBES RULES FOR 1992, THE AMNIBUS RECONCILIATION ACT OF 1993 AND THE HIGHER EDUCATION TECHNICAL AMENDMENTS OF 1993 TO PROVIDE BORROWERS GREATER ACCESS TO
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.