[Federal Register Volume 87, Number 72 (Thursday, April 14, 2022)]
[Notices]
[Pages 22197-22198]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-07961]
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DEPARTMENT OF EDUCATION
[Docket No.: ED-2022-SCC-0048]
Agency Information Collection Activities; Comment Request; Part
601 Preferred Lender Arrangements
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
June 13, 2022.
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-2022-SCC-0101.
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.
[[Page 22198]]
If the regulations.gov site is not available to the public for any
reason, ED will temporarily accept comments at [email protected].
Please include the docket ID number and the title of the information
collection request when requesting documents or submitting comments.
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 PRA Coordinator of the Strategic Collections and
Clearance Governance and Strategy Division, U.S. Department of
Education, 400 Maryland Ave. SW, LBJ, Room 6W208D, Washington, DC
20202-8240.
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: Part 601 Preferred Lender Arrangements.
OMB Control Number: 1845-0101.
Type of Review: An extension without change of a currently approved
collection.
Respondents/Affected Public: Individuals and Households; Private
Sector; State, Local, and Tribal Governments.
Total Estimated Number of Annual Responses: 18,623,389.
Total Estimated Number of Annual Burden Hours: 3,801,989.
Abstract: 34 CFR part 601--Institution and Lender Requirements
Relating to Education Loans is a section of the regulations governing
private education loans offered at covered institutions. These
regulations assure the Secretary that the integrity of the program is
protected from fraud and misuse of program funds and places
requirements on institutions and lenders to ensure that borrowers
receive additional disclosures about Title IV, HEA program assistance
prior to obtaining a private education loan. The Department is
submitting the unchanged Private Education Loan Applicant Self-
Certification for OMB's continued approval. While information about the
applicant's cost of attendance and estimated financial assistance must
be provided to the student, if available, the student will provide the
data to the private loan lender who must collect and maintain the self-
certification form prior to disbursement of a Private Education Loan.
The Department will not receive the Private Education Loan Applicant
Self-Certification form and therefore will not be collecting and
maintaining the form or its data.
Dated: April 8, 2022.
Kun Mullan,
PRA Coordinator, Strategic Collections and Clearance Governance and
Strategy Division, Office of Chief Data Officer, Office of Planning,
Evaluation and Policy Development.
[FR Doc. 2022-07961 Filed 4-13-22; 8:45 am]
BILLING CODE 4000-01-P