Consolidation Loan Rebate Fee Report

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
21956	Consolidation Loan Rebate Fee Report Form	Migrated

ICR Details

OMB Control No: 1840-0674	ICR Reference No: 199802-1840-004
Status: Historical Active	Previous ICR Reference No: 199501-1840-001
Agency/Subagency: ED/OPE	Agency Tracking No:
Title: Consolidation Loan Rebate Fee Report
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/04/1998
	Date Received in OIRA: 02/24/1998
Terms of Clearance: Approved consistent with ED's memo to OMB of 4/6/98. In addition, ED will, as soon as possible, revise the instructions to allow respondents to report on End-of-Month Accrued Unpaid Interest Balance rounding to the nearest dollar (rather than reporting to the exact penny). ED will update OMB on their progress and submit to OMB at the appropriate time an addendum to the current package that incorporates this change. Further, ED will revise the current version of the form to clarify that a) 428C(f) requires the fee to be paid on the unpaid principal and accrued interest; and b) adjustments for prior months' reporting are required to account for retroactive adjustments.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2001	05/31/2001	04/30/1998
Responses	4,800	0	4,800
Time Burden (Hours)	5,200	0	5,200
Cost Burden (Dollars)	0	0	0

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Abstract: The Consolidation Loan Rebate Fee Report for payment by check or electronic funds transfer (ETF) will be used by approximately 400 lenders participating in the title IV, part B, loan programs. The information collected is used to transmit interest payment rebate fees to the Secretary of Education.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Consolidation Loan Rebate Fee Report	ED-4-619

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ICR Summary of Burden

	Total Approved	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	4,800	4,800	0	0	0	0
Annual Time Burden (Hours)	5,200	5,200	0	0	0	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:

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Annual Cost to Federal Government: $0

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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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: 02/24/1998

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