View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
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
Retrieve Notice of Action (NOA)
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
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.
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
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
1840-AC95
Final or interim final rulemaking
74 FR 37431
07/28/2009
Federal Register Notices & Comments
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
Current Burden 34 CFF 674
Individual and Household Burden Hour requirement 34 CFR 674
Private Sector - Business and other not for - profits Burden Hour requirement 34 CFR 674
State, Local or Tribal Governments Burden Hour requirement 34 CFR 674
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.
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
Agency Contact:
Dan Klock 202 377-4026
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:
07/28/2009
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