[Federal Register Volume 83, Number 210 (Tuesday, October 30, 2018)]
[Notices]
[Page 54579]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-23666]


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DEPARTMENT OF EDUCATION

[Docket No.: ED-2018-ICCD-0091]


Agency Information Collection Activities; Submission to the 
Office of Management and Budget for Review and Approval; Comment 
Request; Student Assistance General Provisions--Subpart K--Cash 
Management

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, ED is 
proposing an extension of an existing information collection.

DATES: Interested persons are invited to submit comments on or before 
November 29, 2018.

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-2018-ICCD-
0091. 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, 550 12th Street SW, PCP, Room 9086, 
Washington, DC 20202-0023.

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: Student Assistance General Provisions--Subpart 
K--Cash Management.
    OMB Control Number: 1845-0106.
    Type of Review: An extension of an existing information collection.
    Respondents/Affected Public: Private Sector; State, Local, and 
Tribal Governments; Individuals or Households.
    Total Estimated Number of Annual Responses: 3,037,182.
    Total Estimated Number of Annual Burden Hours: 916,357.
    Abstract: The Department of Education (the Department) is 
requesting an extension of the information collection for the 
requirements that are contained in the regulations Sec.  668.164--
Disbursing funds. The regulations require that an institution that 
makes direct payments to a student or parent by electronic funds 
transfer (EFT) and that chooses to enter into an arrangement described 
in 668.164(e) or (f), including an institution that uses a third-party 
servicer to make those payments, must establish a selection process 
under which the student chooses one of several options for receiving 
those Title IV, HEA fund payments. The Department amended the Student 
Assistance General Provisions regulations issued under the Higher 
Education Act of 1965, as amended (HEA), to implement the changes made 
to the Student Assistance General Provisions regulations--Subpart K--
Cash Management Sec.  668.164--Disbursing funds. These regulations are 
intended to ensure students and parents have convenient access to their 
Title IV, HEA program funds, do not incur unreasonable and uncommon 
financial account fees on these title IV funds and are not led to 
believe that they must open a particular financial account to receive 
their Federal student aid.

    Dated: October 25, 2018
Kate Mullan,
Acting Director, Information Collection Clearance Division, Office of 
the Chief Privacy Officer, Office of Management.
[FR Doc. 2018-23666 Filed 10-29-18; 8:45 am]
 BILLING CODE 4000-01-P