[Federal Register Volume 72, Number 142 (Wednesday, July 25, 2007)]
[Notices]
[Page 40844]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-14392]


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DEPARTMENT OF EDUCATION


Notice of Proposed Information Collection Requests

AGENCY: Department of Education.

SUMMARY: The IC Clearance Official, Regulatory Information Management 
Services, Office of Management, invites comments on the proposed 
information collection requests as required by the Paperwork Reduction 
Act of 1995.

DATES: Interested persons are invited to submit comments on or before 
September 24, 2007.

SUPPLEMENTARY INFORMATION: Section 3506 of the Paperwork Reduction Act 
of 1995 (44 U.S.C. Chapter 35) requires that the Office of Management 
and Budget (OMB) provide interested Federal agencies and the public an 
early opportunity to comment on information collection requests. OMB 
may amend or waive the requirement for public consultation to the 
extent that public participation in the approval process would defeat 
the purpose of the information collection, violate State or Federal 
law, or substantially interfere with any agency's ability to perform 
its statutory obligations. The IC Clearance Official, Regulatory 
Information Management Services, Office of Management, publishes that 
notice containing proposed information collection requests prior to 
submission of these requests to OMB. Each proposed information 
collection, grouped by office, contains the following: (1) Type of 
review requested, e.g. new, revision, extension, existing or 
reinstatement; (2) Title; (3) Summary of the collection; (4) 
Description of the need for, and proposed use of, the information; (5) 
Respondents and frequency of collection; and (6) Reporting and/or 
Recordkeeping burden. OMB invites public comment.
    The Department of Education is especially interested in public 
comment addressing the following issues: (1) Is this collection 
necessary to the proper functions of the Department; (2) will this 
information be processed and used in a timely manner; (3) is the 
estimate of burden accurate; (4) how might the Department enhance the 
quality, utility, and clarity of the information to be collected; and 
(5) how might the Department minimize the burden of this collection on 
the respondents, including through the use of information technology.

    Dated: July 19, 2007.
Angela C. Arrington,
IC Clearance Official, Regulatory Information Management 
Services,Office of Management.

Federal Student Aid

    Type of Review: Extension.
    Title: Lender's Request for Payment of Interest and Special 
Allowance--LaRS.
    Frequency: Quarterly; Annually.
    Affected Public: State, Local, or Tribal Gov't, SEAs or LEAs; 
Businesses or other for-profit.
    Reporting and Recordkeeping Hour Burden:

Responses: 12,800.
Burden Hours: 31,200

    Abstract: The Lender's Request for Payment of Interest and Special 
Allowance--LaRS (ED Form 799) is used by approximately 3,546 lenders 
participating in the Title IV, PART B loan programs. The ED Form 799 is 
used to pay interest and special allowance to holders of the Part B 
loans; and to capture quarterly data from lender's loan portfolio for 
financial and budgetary projections.
    Requests for copies of the proposed information collection request 
may be accessed from http://edicsweb.ed.gov, by selecting the ``Browse 
Pending Collections'' link and by clicking on link number 3416. When 
you access the information collection, click on ``Download 
Attachments'' to view. Written requests for information should be 
addressed to U.S. Department of Education, 400 Maryland Avenue, SW., 
Potomac Center, 9th Floor, Washington, DC 20202-4700. Requests may also 
be electronically mailed to [email protected] or faxed to 202-245-
6623. Please specify the complete title of the information collection 
when making your request.
    Comments regarding burden and/or the collection activity 
requirements should be electronically mailed to [email protected]. 
Individuals who use a telecommunications device for the deaf (TDD) may 
call the Federal Information Relay Service (FIRS) at 1-800-877-8339.

 [FR Doc. E7-14392 Filed 7-24-07; 8:45 am]
BILLING CODE 4000-01-P