Federal Perkins Loan Program Regulations

OMB Control No: 1845-0023	ICR Reference No: 200710-1845-001
Status: Historical Active	Previous ICR Reference No: 200603-1845-004
Agency/Subagency: ED/FSA	Agency Tracking No: 3448
Title: Federal Perkins Loan Program Regulations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/07/2008
Retrieve Notice of Action (NOA)	Date Received in OIRA: 11/21/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2011	36 Months From Approved	01/31/2008
Responses	13,130,216	0	2,800,642
Time Burden (Hours)	247,085	0	61,879
Cost Burden (Dollars)	0	0	0

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Abstract: Institutions of higher education make Perkins loans. Information is necessary in order to monitor a school's reimbursement to its Perkins loan revolving fund, monitor how collection costs are charged to borrowers on rehabilitated loans and to monitor the assignment of defaulted Perkins loans to the Department. This revision is a request for approval of reporting and recordkeeping requirements contained in the final regulations are related to the administrative requirements of the Perkins Loan Program.

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Authorizing Statute(s): US Code: 20 USC 20 U.S.C. 1087ii Name of Law: Higher Education Act of 1965, as amended    US Code: 20 USC 20 U.S.C. 1087aa Name of Law: Higher Education Act of 1965, as amended

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1840-AC89	Final or interim final rulemaking	72 FR 61959	11/01/2007

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 46968	08/22/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 60324	10/24/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 4

IC Title Form No. Form Name Individual and Household Burden Hour requirement 34 CFR 674 State, Local or Tribal Governments Burden Hour requirement 34 CFR 674 Private Sector - Business and other for - profits Burden Hour requirement 34 CFR 674 Private Sector - Not - for - profit Burden Hour requirement 34 CFR 674

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	13,130,216	2,800,642	0	10,329,574	0	0
Annual Time Burden (Hours)	247,085	61,879	0	185,206	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The increase in burden hours is due to regulatory changes (brought about by negotiated rulemaking) in the administrative requirements contained in the final regulations of the Perkins Loan Program. NOTE: The slight difference in the burden hour and response numbers - between the Excel sheet and Rocis are due to rounding issues as well as differences caused by breaking down the IC's into affected entities in ROCIS - rather than by individual CFR part within the entities.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Dan Klock 202 377-4026

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
		(a) It is necessary for the proper performance of agency functions;
		(b) It avoids unnecessary duplication;
		(c) It reduces burden on small entities;
		(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
		(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
		(f) It indicates the retention periods for recordkeeping requirements;
		(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
			(i) Why the information is being collected;
			(ii) Use of information;
			(iii) Burden estimate;
			(iv) Nature of response (voluntary, required for a benefit, or mandatory);
			(v) Nature and extent of confidentiality; and
			(vi) Need to display currently valid OMB control number;
		(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
		(i) It uses effective and efficient statistical survey methodology (if applicable); and
		(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date: 11/21/2007

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