[Federal Register Volume 87, Number 118 (Tuesday, June 21, 2022)]
[Notices]
[Pages 36836-36837]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-13166]


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DEPARTMENT OF EDUCATION

[Docket No. ED-2022-SCC-0048]


Agency Information Collection Activities; Submission to the 
Office of Management and Budget for Review and Approval; Comment 
Request; Part 601 Preferred Lender Arrangements

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

[[Page 36837]]


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 
July 21, 2022.

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: Part 601 Preferred Lender Arrangements.
    OMB Control Number: 1845-0101.
    Type of Review: Extension without change of a currently approved 
collection.
    Respondents/Affected Public: Private Sector; Individuals or 
Households; 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: June 14, 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. 2022-13166 Filed 6-17-22; 8:45 am]
BILLING CODE 4000-01-P