Loan Cancellation in the Federal Perkins Loan Program

Forms and Documents

Document Name	Status
Supporting Statement 1845 0100 30 day comment period.docx Supporting Statement A	2016-03-09

IC Document Collections

IC ID	Document Title	Status
205623	For Profit Institutions and loan cancellation in the Federal Perkins Loan Program Other-For Profit Institutions Affected Party Information 1845-01	Modified
191201	State Institutions and loan cancellation in the Federal Perkins Loan Program Other-State Affected Party Information 1845-0100	Modified
191200	Individuals and loan cancellation in the Federal Perkins Loan Program Other-Burden Table	Modified
191192	Private Institutions and loan cancellation in the Federal Perkins Loan Program Other-Private Institutions Affected Party Information 1845-0100	Modified

ICR Details

OMB Control No: 1845-0100	ICR Reference No: 201601-1845-001
Status: Historical Active	Previous ICR Reference No: 201301-1845-002
Agency/Subagency: ED/FSA	Agency Tracking No:
Title: Loan Cancellation in the Federal Perkins Loan Program
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: 05/13/2016
	Date Received in OIRA: 03/14/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2019	36 Months From Approved	05/31/2016
Responses	116,872	0	123,022
Time Burden (Hours)	43,832	0	46,135
Cost Burden (Dollars)	0	0	0

---

Abstract: This is a request for an extension of the OMB approval for the record-keeping requirements contained in 34 CFR 674.53, 674.56, 674.57, 674.58 and 674.59. The information collections in these regulations are necessary to determine Federal Perkins Loan (Perkins Loan) Program borrower's eligibility to receive program benefits and to prevent fraud and abuse of program funds.

---

Authorizing Statute(s): US Code: 20 USC 1087ee Name of Law: Higher Education Act of 1965, as amended
   US Code: 20 USC 425 Name of Law: Higher Education Act of 1965, as amended
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 924	01/08/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 13353	03/14/2016
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
Individuals and loan cancellation in the Federal Perkins Loan Program
Private Institutions and loan cancellation in the Federal Perkins Loan Program
State Institutions and loan cancellation in the Federal Perkins Loan Program
For Profit Institutions and loan cancellation in the Federal Perkins Loan Program

---

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	116,872	123,022	0	0	-6,150	0
Annual Time Burden (Hours)	43,832	46,135	0	0	-2,303	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 Department of Education is requesting an extension of this information collection. The regulations requiring this collection remain in place without change. There has been a slight decrease in the estimated burden hours due to an anticipated decrease in the requests for the types of service performance cancellations identified in the regulations.

---

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  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:

(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: 03/14/2016

---