[Federal Register Volume 81, Number 207 (Wednesday, October 26, 2016)]
[Notices]
[Page 74413]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-25848]


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DEPARTMENT OF EDUCATION

[Docket No. ED-2016-ICCD-0115]


Agency Information Collection Activities; Comment Request; 
Lender's Request for Payment of Interest and Special Allowance--LaRS

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 27, 2016.

ADDRESSES: To access and review all the documents related to the 
information collection listed in this notice, please use http://www.regulations.gov by searching the Docket ID number ED-2016-ICCD-
0115. Comments submitted in response to this notice should be submitted 
electronically through the Federal eRulemaking Portal at http://www.regulations.gov by selecting the Docket ID number or via postal 
mail, commercial delivery, or hand delivery. Please note that comments 
submitted by fax or email and those submitted after the comment period 
will not be accepted. 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, Room 2E-347, 
Washington, DC 20202-4537.

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: Lender's Request for Payment of Interest and 
Special Allowance--LaRS.
    OMB Control Number: 1845-0013.
    Type of Review: An extension of an existing information collection.
    Respondents/Affected Public: Private Sector.
    Total Estimated Number of Annual Responses: 7,350.
    Total Estimated Number of Annual Burden Hours: 14,333.
    Abstract: The Department of Education (the Department) is 
submitting the Lender's Interest and Special Allowance Request & 
Report, ED Form 799 for approval. The information collected on the ED 
Form 799 is needed to pay interest and special allowance to holders of 
Federal Family Education Loans, for internal financial reporting, 
budgetary projections, and for audit and lender reviews by the 
Department, Servicers, External Auditors and General Accounting Office 
(GAO).
    The legal authority for collecting this information is Title IV, 
Part B of the Higher Education Act of 1965, as amended by the Higher 
Education Reconciliation Act of 2005 (``the HERA''), (Pub. L. 109-171). 
The Department is requesting the continual approval for regulatory 
sections 682.304 and 682.414.

    Dated: October 21, 2016.
Kate Mullan,
Acting Director, Information Collection Clearance Division, Office of 
the Chief Privacy Officer, Office of Management.
[FR Doc. 2016-25848 Filed 10-25-16; 8:45 am]
 BILLING CODE 4000-01-P