[Federal Register Volume 87, Number 142 (Tuesday, July 26, 2022)]
[Notices]
[Pages 44372-44373]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-15960]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF EDUCATION

[Docket No.: ED-2022-SCC-0067]


Agency Information Collection Activities; Submission to the 
Office of Management and Budget for Review and Approval; Comment 
Request; Guaranty Agency Financial Report

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

ACTION: Notice.

-----------------------------------------------------------------------

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 
August 25, 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

[[Page 44373]]

``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: Guaranty Agency Financial Report.
    OMB Control Number: 1845-0026.
    Type of Review: An extension without change of a currently approved 
collection.
    Respondents/Affected Public: State, Local, and Tribal Governments; 
Private Sector.
    Total Estimated Number of Annual Responses: 432.
    Total Estimated Number of Annual Burden Hours: 23,760.
    Abstract: The Department of Education (ED) is requesting renewal by 
extension of the information collection 1845-0026 for the Guaranty 
Agency Financial Report. There has been no change to the underlying 
statute or regulations.
    The Guaranty Agency Financial Report is used by a guaranty agency 
to request payments of reinsurance for defaulted student loans; make 
payments for amounts due ED, for collections on default and lender of 
last resort loan (default) claims on which reinsurance has been paid 
and for refunding amounts previously paid for reinsurance claims. The 
form is also used to determine required reserve levels for agencies; 
and to collect debt information as required for the ``Report on 
Accounts and Loans Receivable Due from the Public,'' SF 220-9 (Schedule 
9 Report) as required by the U.S. Department of Treasury.

    Dated: July 21, 2022.
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. 2022-15960 Filed 7-25-22; 8:45 am]
BILLING CODE 4000-01-P