[Federal Register Volume 62, Number 55 (Friday, March 21, 1997)]
[Rules and Regulations]
[Page 13539]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-7190]


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DEPARTMENT OF EDUCATION

34 CFR Part 682

RINS 1840-AC35, 1840-AC33


Federal Family Education Loan Program

AGENCY: Department of Education.

ACTION: Final Regulations.

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SUMMARY: The Secretary amends the regulations governing the Federal 
Family Education Loan (FFEL) Program to add the Office of Management 
and Budget (OMB) control number to certain sections of the regulations. 
These sections contain information collection requirements approved by 
OMB. Under the Paperwork Reduction Act of 1995, no persons are required 
to respond to a collection of information unless it displays a valid 
OMB control number. The Secretary takes this action to inform the 
public that these requirements have been approved and affected parties 
must comply with them.

EFFECTIVE DATE: These regulations are effective on July 1, 1997.

FOR FURTHER INFORMATION CONTACT: Ron Streets or George Harris, FFEL 
Program Policy Section, Policy Development Division, Policy, Training, 
and Analysis Service, U.S. Department of Education, 600 Independence 
Avenue, S.W., (Room 3053, ROB-3), Washington, D.C. 20202. Telephone 
(202) 708-8242. Individuals who use a telecommunications device for the 
deaf (TDD) may call the Federal Information Relay Service (FIRS) at 1-
800-877-8339 between 8 a.m. and 8 p.m., Eastern time, Monday through 
Friday.

SUPPLEMENTARY INFORMATION: Final regulations for the FFEL Program 
entitled Due Diligence Requirements (61 FR 60478) and Guaranty 
Agencies-Conflicts of Interest (61 FR 60426) were published in the 
Federal Register on November 27, 1996. Compliance with information 
collection requirements in certain sections of these regulations was 
delayed until those requirements were approved by OMB under the 
Paperwork Reduction Act of 1995. OMB approved the information 
collection requirements in the regulations on January 17, 1997. The 
information collection requirements in these regulations will, 
therefore, become effective with all of the other provisions of the 
regulations on July 1, 1997.

Waiver of Proposed Rulemaking

    It is the practice of the Secretary to offer interested parties the 
opportunity to comment on proposed regulations. However, the 
publication of OMB control numbers is purely technical and does not 
establish substantive policy. Therefore, the Secretary has determined 
under 5 U.S.C. 553(b)(B), that public comment on the regulations is 
unnecessary and contrary to the public interest.

List of Subjects in 34 CFR Part 682

    Administrative practice and procedure, Colleges and universities, 
Education, Loan programs-education, Reporting and recordkeeping 
requirements, Student aid, Vocational education.

    Dated: March 13, 1997.
David A. Longanecker,
Assistant Secretary for Postsecondary Education.

    The Secretary amends Part 682 of Title 34 of the Code of Federal 
Regulations as follows:

PART 682--FEDERAL FAMILY EDUCATION LOAN PROGRAM

    1. The authority citation for Part 682 continues to read as 
follows:

    Authority: 20 U.S.C. 1071 to 1087-2, unless otherwise noted.


Sec. 682.411   [Amended]

    2. Section 682.411 is amended by adding the OMB control number 
following the section to read as follows: ``(Approved by the Office of 
Management and Budget under control number 1840-0538)''


Sec. 682.418   [Amended]

    3. Section 682.418 is amended by adding the OMB control number 
following the section to read as follows: ``(Approved by the Office of 
Management and Budget under control number 1840-0726)''

[FR Doc. 97-7190 Filed 3-20-97; 8:45 am]
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