[Federal Register Volume 79, Number 217 (Monday, November 10, 2014)]
[Notices]
[Pages 66705-66706]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-26651]


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DEPARTMENT OF EDUCATION

[Docket No.: ED-2014-ICCD-0128]


Agency Information Collection Activities; Submission to the 
Office of Management and Budget for Review and Approval; Comment 
Request; Federal Family Educational Loan Program (FFEL)--Administrative 
Requirements for State, Not-For-Profit Lenders, and Eligible Lender 
Trustees

AGENCY: Federal Student Aid (FSA), Department of Education (ED).

ACTION: Notice.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (44 
U.S.C. chapter 3501 et seq.), ED is proposing an extension of an 
existing information collection.

DATES: Interested persons are invited to submit comments on or before 
December 10, 2014.

ADDRESSES: Comments submitted in response to this notice should be 
submitted electronically through the Federal eRulemaking Portal at 
http://

[[Page 66706]]

www.regulations.gov by selecting Docket ID number ED-2014-ICCD-0128 or 
via postal mail, commercial delivery, or hand delivery. If the 
regulations.gov site is not available to the public for any reason, ED 
will temporarily accept comments at [email protected]. Please note 
that comments submitted by fax or email and those submitted after the 
comment period will not be accepted; ED will ONLY accept comments 
during the comment period in this mailbox when the regulations.gov site 
is not available. Written requests for information or comments 
submitted by postal mail or delivery should be addressed to the 
Director of the Information Collection Clearance Division, U.S. 
Department of Education, 400 Maryland Avenue SW., LBJ, Mailstop L-OM-2-
2E319, Room 2E115, Washington, DC 20202.

FOR FURTHER INFORMATION CONTACT: For specific questions related to 
collection activities, please contact Beth Grebeldinger, 202-377-4018.

SUPPLEMENTARY INFORMATION: The Department of Education (ED), in 
accordance with the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 
3506(c)(2)(A)), provides the general public and Federal agencies with 
an opportunity to comment on proposed, revised, and continuing 
collections of information. This helps the Department assess the impact 
of its information collection requirements and minimize the public's 
reporting burden. It also helps the public understand the Department's 
information collection requirements and provide the requested data in 
the desired format. ED is soliciting comments on the proposed 
information collection request (ICR) that is described below. 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. Please note that 
written comments received in response to this notice will be considered 
public records.
    Title of Collection: Federal Family Educational Loan Program 
(FFEL)--Administrative Requirements for States, Not-For-Profit Lenders, 
and Eligible Lender Trustees.
    OMB Control Number: 1845-0085.
    Type of Review: An extension of an existing information collection.
    Respondents/Affected Public: Private Sector, State, Local and 
Tribal Governments.
    Total Estimated Number of Annual Responses: 69.
    Total Estimated Number of Annual Burden Hours: 69.
    Abstract: The regulations in 34 CFR 682.302(f) assures the 
Secretary that the integrity of the program is protected from fraud and 
misuse of the program funds. These regulations require a State, non-
profit entity, or eligible lender trustee to provide to the Secretary a 
certification on the State or non-profit entity's letterhead signed by 
the State or non-profit's Chief Executive Officer which states the 
basis upon which the entity qualifies as a State or non-profit entity. 
The submission must include documentation establishing the entity's 
State or non-profit status. In addition, the submission must include 
the name and lender identification number for which the eligible not-
for profit designation is being certified. Once an entity has been 
approved as an eligible not-for-profit holder, the entity must provide 
to the Secretary an annual certification on the State or no-profit 
entity's letterhead signed by the CEO, which includes the name and 
lender identification number(s) of the entities for which designation 
is being re-certified. The annual certification must state that the 
State or non-profit entity has not altered its status as a State or 
non-profit entity since its prior certification to the Secretary and 
that it continues to satisfy the requirements of an eligible not-for-
profit holder either in its own right or through a trust agreement with 
an eligible lender trustee. Further, when an approved not-for-profit 
holder has a change in status, within 10 days of becoming aware of the 
occurrence of a change that may result in a State or non-profit entity 
that has been designated an eligible not-for-profit holder, either 
directly or through an eligible lender trustee, losing that 
eligibility, the State or non-profit entity must submit details of the 
change to the Secretary.

    Dated: November 5, 2014.
Tomakie Washington,
Acting Director, Information Collection Clearance Division, Privacy, 
Information and Records Management Services, Office of Management.
[FR Doc. 2014-26651 Filed 11-7-14; 8:45 am]
BILLING CODE 4000-01-P