Federal Perkins Loan Program Regulations

Forms and Documents

Document Name	Status
Att_SUPPORTING STATEMENT OMB1845 0023 Perkins 07 16 09.doc Supporting Statement A	2009-07-16

IC Document Collections

IC ID	Document Title	Status
41404	Individual and Household Burden Hour requirement 34 CFR 674 Other-Table	Modified
182330	State, Local or Tribal Governments Burden Hour requirement 34 CFR 674 Other-Table	Modified
182302	Current Burden 34 CFF 674 Other-Table	Modified
182301	Private Sector - Business and other not for - profits Burden Hour requirement 34 CFR 674 Other-Table	Modified

ICR Details

OMB Control No: 1845-0023	ICR Reference No: 200910-1845-011
Status: Historical Active	Previous ICR Reference No: 200710-1845-001
Agency/Subagency: ED/FSA	Agency Tracking No: 4052
Title: Federal Perkins Loan Program Regulations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/29/2009
	Date Received in OIRA: 10/29/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2012	36 Months From Approved	01/31/2011
Responses	15,807,453	0	13,130,216
Time Burden (Hours)	467,053	0	247,085
Cost Burden (Dollars)	0	0	0

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Abstract: Institutions of higher education make Perkins loans. Information is necessary in order to monitor a school's reimbursement to its Perkins loan revolving fund, monitor how collection costs are charged to borrowers on rehabilitated loans and to monitor the assignment of defaulted Perkins loans to the Department. This revision is a request for approval of reporting and record-keeping requirements contained in the final regulations are related to the administrative requirements of the Perkins Loan Program.

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

Citations for New Statutory Requirements: US Code: 20 USC 1087aa Name of Law: Higher Education Act of 1965, as amended

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1840-AC95	Final or interim final rulemaking	74 FR 55626	10/29/2009

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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: 4

IC Title	Form No.	Form Name
Individual and Household Burden Hour requirement 34 CFR 674
State, Local or Tribal Governments Burden Hour requirement 34 CFR 674
Private Sector - Business and other not for - profits Burden Hour requirement 34 CFR 674
Current Burden 34 CFF 674

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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	15,807,453	13,130,216	2,677,253	0	-16	0
Annual Time Burden (Hours)	467,053	247,085	219,962	0	6	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 majority of burden change is required by a proposed change in the regulation due to implementing the statutory changes made by the Higher Education Opportunity Act (HEOA) (Pub. L. 110-315) that amends the Higher Education Act of 1965, as amended (HEA). There is also a 6 hour increase burden change adjustment to the previously approved burden total, an a decrease of 16 responses that is also an adjustment. We discovered an apparent data entry error in the previous IC that resulted in the number of responses to be over-reported by 16 and the number of hours to be under-reported.

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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)? No

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: 07/28/2009

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