OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Guaranty Agency Financial Report

ICR 200911-1845-005 · OMB 1845-0026 · Historical Active

Forms and Documents
Document
Name
Status
Form and Instruction
 Modified
Supplementary Document
2009-11-18
Justification for No Material/Nonsubstantive Change
2009-11-12
Justification for No Material/Nonsubstantive Change
2009-11-12
Supplementary Document
2009-05-07
Supplementary Document
2009-05-07
Supplementary Document
2007-05-21
Supporting Statement A
2009-05-07
IC Document Collections
IC ID
Document
Title
Status
22225 Modified
ICR Details
1845-0026 200911-1845-005
Historical Active 200905-1845-004
ED/FSA 4135
Guaranty Agency Financial Report
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 11/18/2009
Retrieve Notice of Action (NOA) 11/12/2009
  Inventory as of this Action Requested Previously Approved
06/30/2012 06/30/2012 06/30/2012
875 0 468
42,960 0 25,740
0 0 0
The Guaranty Agency Financial Report (GAFR), ED Form 2000, is used by the thirty-six (36) guaranty agencies under the FFEL program, authorized by Title IV, Part B of the HEA of 1965, as amended. Guaranty agencies use the GAFR to: (1) request reinsurance from ED; (2) request payment on death, disability, closed school, and false certification claim payments to lenders; (3) remit to ED refunds on rehabilitated loans and consolidation loans; (4) remit to ED default and wage garnishment collections. ED also uses report data to monitor the guaranty agency's financial activities (agency federal fund and agency operating fund) and each agency's federal receivable balance.
US Code: 20 USC 1071, Section 428 Name of Law: The Higher Education Act of 1965
  
None
Not associated with rulemaking
  74 FR 9224 03/03/2009
74 FR 21667 05/08/2009
No
1
IC Title Form No. Form Name
Guaranty Agency Financial Report N/A Guaranty Agency Financial Report
  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 875 468 0 407 0 0
Annual Time Burden (Hours) 42,960 25,740 0 17,220 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
Currently, guaranty agencies (GAs) provide monthly data to the Department of Education. The Department will be collecting a subsection of data that is annually collected now on a monthly basis from the GAs to improve oversight and insure greater program integrity. The additional monthly reporting will be sent from the GAs to the Department in a spreadsheet format for review and analysis. This additional information will be provided to the Department on a monthly basis, rather than 60 days after the end of the Federal fiscal year.
$884,152
No
No
Uncollected
Uncollected
No
Uncollected
Courtney Clemons 2023773673
  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.
11/12/2009