OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Federal Family Education Loan Program Regulations

ICR 201309-1845-002 · OMB 1845-0020 · Historical Active

Forms and Documents
Document
Name
Status
Supporting Statement A
2013-09-16
IC Document Collections
IC ID
Document
Title
Status
189940 Modified
189939 Modified
189938 Modified
184832 Modified
ICR Details
1845-0020 201309-1845-002
Historical Active 201211-1845-001
ED/FSA 1401.24
Federal Family Education Loan Program Regulations
Revision of a currently approved collection   No
Regular
Approved without change 10/24/2013
Retrieve Notice of Action (NOA) 09/17/2013
  Inventory as of this Action Requested Previously Approved
10/31/2016 36 Months From Approved 10/31/2015
16,971,195 0 25,347,555
8,220,632 0 12,352,197
0 0 0
The Federal Family Educational Loan (FFEL) Program final regulations revise the current regulations for program administration as described below. Initially, the regulations indicate the regulatory changes and the associated changes in burden. Subsequently, we describe a series of final regulatory changes that removes unneeded FFEL regulations that are no longer required as a result of the Student Aid and Fiscal Responsibility (SAFRA) ACT that was included in the Health Care and Reconciliation Act of 2010 (HCERA), which as of July 1, 2010, terminated the authority for lenders to make new loans under the FFEL program.
US Code: 20 USC 1071, et.al Name of Law: Higher Education Act of 1965, as amended
  
US Code: 20 USC 1071 et.al. Name of Law: Higher Education Act of 1965, as amended
1840-AD12 Final or interim final rulemaking 78 FR 45618 07/29/2013
No
  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 16,971,195 25,347,555 -8,376,360 0 0 0
Annual Time Burden (Hours) 8,220,632 12,352,197 -4,131,565 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The Department is requesting a revision of the current FFEL Program information collection under OMB 1845-0020 to reflect the statutory and regulatory changes to the program. The final regulations modify forbearance provisions, reasonable and affordable loan rehabilitation processes, and a number of provisions affecting administrative wage garnishment provisions. Substantial changes would be made to the repeal of unneeded FFEL regulations in 34 CFR 682 as a result of the Student Aid and Fiscal Responsibility (SAFRA) Act that was included in the Health Care and Reconciliation Act of 2010 (HCERA) which, as of July 1, 2010, terminated the authority for lenders to make new loans under the FFEL program. There is an overall reduction of 4,131,565 in burden hours from the current collection.
$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.
09/17/2013