[Federal Register Volume 86, Number 198 (Monday, October 18, 2021)]
[Notices]
[Pages 57660-57661]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-22655]


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DEPARTMENT OF EDUCATION

[Docket No.: ED-2021-SCC-0135]


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 without change of a currently approved 
collection.

DATES: Interested persons are invited to submit comments on or before 
November 17, 2021.

ADDRESSES: Written comments and recommendations for proposed 
information collection requests should be sent within 30 days of 
publication of this notice to www.reginfo.gov/public/do/PRAMain. Find 
this information collection request by selecting ``Department of 
Education'' under ``Currently Under Review,'' then check ``Only Show 
ICR for Public Comment'' checkbox. Comments may also be sent to 
[email protected].

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 without change of a currently approved 
collection.
    Respondents/Affected Public: Private Sector; State, Local, and 
Tribal Governments; Individuals and Households.
    Total Estimated Number of Annual Responses: 2,503,922.
    Total Estimated Number of Annual Burden Hours: 764,450.
    Abstract: The Department of Education (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. This request is for an extension of 
the information collection for the requirements that are contained in 
the

[[Page 57661]]

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. There has been 
no change to the regulations.

    Dated: October 13, 2021.
Juliana Pearson,
PRA Coordinator, Strategic Collections and Clearance Governance and 
Strategy Division, Office of Chief Data Officer, Office of Planning, 
Evaluation and Policy Development.
[FR Doc. 2021-22655 Filed 10-15-21; 8:45 am]
BILLING CODE 4000-01-P