[Federal Register Volume 59, Number 236 (Friday, December 9, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-30250]
[[Page Unknown]]
[Federal Register: December 9, 1994]
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DEPARTMENT OF EDUCATION
Notice of Proposed Information Collection Requests
AGENCY: Department of Education.
ACTION: Notice of proposed information collection requests.
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SUMMARY: The Director, Information Resources Group, invites comments on
proposed information collection requests as required by the Paperwork
Reduction Act of 1980.
DATES: An expedited review has been requested in accordance with the
Act, since allowing for the normal review period would adversely affect
the public interest. Approval by the Office of Management and Budget
(OMB) has been requested by December 31, 1994.
ADDRESSES: Written comments should be addressed to the Office of
Information and Regulatory Affairs, Attention: Dan Chenok, Desk
Officer, Department of Education, Office of Management and Budget, 725
17th Street NW., room 3208, New Executive Office Building, Washington,
D.C. 20503. Requests for copies of the proposed information collection
request should be addressed to Patrick J. Sherrill, Department of
Education, 400 Maryland Avenue, SW., room 5624, Regional Office
Building 3, Washington, DC 20202-4651.
FOR FURTHER INFORMATION CONTACT:
Patrick J. Sherrill, (202) 708-9915. Individuals who use a
telecommunications device for the deaf (TDD) may call the Federal
Information Relay Service (FIRS) at 1-800-877-8339 between 8 a.m. and 8
p.m., Eastern time, Monday through Friday.
SUPPLEMENTARY INFORMATION: Section 3517 of the Paperwork Reduction Act
of 1980 (44 U.S.C. Chapter 3517) requires that the Director of OMB
provide interested Federal agencies and persons an early opportunity to
comment on information collection requests. OMB may amend or waive the
requirement for public consultation to the extent that public
participation in the approval process would defeat the purpose of the
information collection, violate State or Federal law, or substantially
interfere with any agency's ability to perform its statutory
obligations.
The Director, Information Resources Group, publishes this notice
with the attached proposed information collection request prior to
submission of this request to OMB. This notice contains the following
information: (1) Type of review requested, e.g., expedited; (2) Title;
(3) Abstract; (4) Additional Information; (5) Frequency of collection;
(6) Affected public; and (7) Reporting and/or Recordkeeping burden.
Because an expedited review is requested, a description of the
information to be collected is also included as an attachment to this
notice.
Dated: December 5, 1994.
Gloria Parker,
Director, Information Resources Group.
Office of Postsecondary Education
Type of Review: Expedited
Title: Federal Director Stafford Loans/Federal Direct Unsubsidized
Stafford Loans Promissory Note Disclosure
Frequency: Annually
Affected Public: Individuals or households
Reporting Burden:
Responses: 1,172,600
Burden Hours: 195,355
Recordkeeping Burden:
Recordkeepers: 0
Burden Hours: 0
Abstract: Direct Loans were established under Title IV, Part D of
HEA by the Student Loan Reform Act of 1993, part of the Omnibus Budget
Reconciliation Act of 1993 (Pub. L. 103-66). Under Direct Loans, loan
capital is provided directly to student and parent borrowers by the
Federal Government rather than through private lenders. This program
replaces the direct loan demonstration program that was authorized by
the Higher Education Amendments of 1992 (Pub. L. 102-325).
The form will be used in the direct loan program for Federal
Stafford Loans and Federal Direct Unsubsidized Stafford Loans. The
information on this form will be partially pre-printed and used by ED
to uniquely identify the loan as well as to service and collect the
loan. The information supplied by the borrower will be used to verify
eligibility, determine billing procedures, and collect and enforce the
loan obligation. If ED did not collect the information its ability to
service, and if necessary, enforce the loan would be seriously
impaired.
Additional Information: An expedited review is being requested from
OMB in order to allow schools the use of the form by January 1995. This
is due to the fact that some institutions mail promissory notes with
their award letters. ED must allow sufficient time for the copies of
the Promissory Note and Disclosure to be printed and then delivered to
Direct Loan Schools in January 1995. Schools will then be able to
package and certify Direct Subsidized and Direct Unsubsidized Loans in
a timely manner for the 1995-1996 year. In view of the aforementioned,
ED has requested an OMB approval by December 31, 1994.
Office of Postsecondary Education
Type of Review: Expedited
Title: Federal Direct PLUS Loan Application and Promissory Note
Frequency: Annually
Affected Public: Individuals or households
Reporting Burden:
Responses: 64,375
Burden Hours: 32,188
Recordkeeping Burden:
Recordkeepers: 0
Burden Hours: 0
Abstract: Direct Loans were established under Title IV, Part D of
HEA by the Student Loan Reform Act of 1993, part of the Omnibus Budget
Reconciliation Act of 1993 (Pub. L. 103-66). Under Direct Loans, loan
capital is provided directly to student and parent borrowers by the
Federal Government rather than through private lenders. This program
replaces the direct loan demonstration program that was authorized by
the Higher Education Amendments of 1992 (Pub. L. 102-325).
The information on this form will be partially pre-printed and used
by ED to uniquely identify the loan as well as to service and collect
the loan. The information supplied by the borrower will be used to
verify eligibility, determine billing procedures, and collect and
enforce the loan obligation. If ED did not collect the information its
ability to service, and if necessary, enforce the loan would be
seriously impaired.
Additional Information: An expedited review is being requested from
OMB in order to allow schools the use of the form by January 1995. This
is due to the fact that some institutions mail promissory notes with
their award letters. ED must allow sufficient time for the copies of
the Application and Promissory Note to be printed and then delivered to
Direct Loan Schools in January 1995. Schools will then be able to
package and certify Direct Subsidized and Direct Unsubsidized Loans in
a timely manner for the 1995-1996 year. In view of the aforementioned,
ED has requested an OMB approval by December 31, 1994.
Office of Postsecondary Education
Type of Review: Expedited
Title: Addendum to Federal Direct PLUS Loan Promissory Note Endorser
Frequency: Annually
Affected Public: Individuals or households
Reporting Burden:
Responses: 21,456
Burden Hours: 10,728
Recordkeeping Burden:
Recordkeepers: 0
Burden Hours: 0
Abstract: Direct Loans were established under Title IV, Part D of
HEA by the Student Loan Reform Act of 1993, part of the Omnibus Budget
Reconciliation Act of 1993 (Pub. L. 103-66). Under Direct Loans, loan
capital is provided directly to student and parent borrowers by the
Federal Government rather than through private lenders.
The Addendum will be printed, distributed, and used in the Direct
Loan Program beginning in January 1995. Schools will use this Addendum
to package and certify Federal Direct PLUS Loans that will be disbursed
during the 1995-96 academic year (July 1, 1995 through June 30, 1996).
Additional Information: An expedited review is being requested from
OMB in order to allow schools the use of the form by January 1995. This
is due to the fact that some institutions mail promissory notes with
their award letters. ED must allow sufficient time for the copies of
the Addendum to be printed and available to the Servicer in January
1995. This will enable the Servicer to follow-up on a rejected Direct
PLUS Loan application by sending an Addendum to the parent borrower in
a timely manner. In view of the aforementioned, ED has requested an OMB
approval by December 31, 1994.
[FR Doc. 94-30250 Filed 12-8-94; 8:45 am]
BILLING CODE 4000-01-M
