Pre-approval contingent upon no substantive changes to this collection after adoption of the final rule. Otherwise this collection should be re-submitted to OMB for review.
Inventory as of this Action
Requested
Previously Approved
10/31/2015
36 Months From Approved
10/31/2012
25,347,555
0
25,317,115
12,352,197
0
12,351,284
0
0
0
The Federal Family Educational Loan Program proposed regulations revise current regulations in areas of program administration and assure the Secretary that program integrity is protected from fraud and misuse of program funds. The proposed regulations provide for additional disclosure requirements, due diligence requirements, provide new administrative forbearances, as well as changes to income-based repayment plans.
US Code:
20 USC 1001
Name of Law: Higher Education Act of 1965, as amended
These final regulations streamline the current total and permanent disability (TPD) discharge process. Currently, if a borrower has multiple lenders, a TPD application for each lender/holder must be completed and submitted. Under the regulations, a holder will refer the borrower requesting this type of discharge to the Department, who will then contact all the holders so that collection efforts will be suspended for a period of time to allow the borrower to obtain, complete, and submit the TPD application.
But, since this assessment was not previously established, no burden reduction can be realized, instead we are increasing burden by 913 hours to reflect the burden associated with the TPD referral process.
$0
No
No
No
No
No
Uncollected
Dan Klock 202 377-4026
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.
Federal Family Education Loan Program -- state, local, or tribal gov't