Notice2021-17360
Agency Information Collection Activities; Comment Request; Student Assistance General Provisions-Subpart K-Cash Management
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
August 13, 2021
Issuing agencies
Education Department
Abstract
In accordance with the Paperwork Reduction Act of 1995, ED is proposing an extension without change of a currently approved collection.
Full Text
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<title>Federal Register, Volume 86 Issue 154 (Friday, August 13, 2021)</title>
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[Federal Register Volume 86, Number 154 (Friday, August 13, 2021)]
[Notices]
[Pages 44702-44703]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-17360]
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DEPARTMENT OF EDUCATION
[Docket No.: ED-2021-SCC-0123]
Agency Information Collection Activities; Comment Request;
Student Assistance General Provisions--Subpart K--Cash Management
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
October 12, 2021.
ADDRESSES: To access and review all the documents related to the
information collection listed in this notice, please use <a href="http://www.regulations.gov">http://www.regulations.gov</a> by searching the Docket ID number ED-2021-SCC-0123.
Comments submitted in response to this notice should be submitted
electronically through the Federal eRulemaking Portal at <a href="http://www.regulations.gov">http://www.regulations.gov</a> by selecting the Docket ID number or via postal
mail, commercial delivery, or hand delivery. If the <a href="http://regulations.gov">regulations.gov</a>
site is not available to the public for any reason, ED will temporarily
accept comments at <a href="/cdn-cgi/l/email-protection#29606a6d464a424c5d644e5b694c4d074e465f"><span class="__cf_email__" data-cfemail="da93999eb5b9b1bfae97bda89abfbef4bdb5ac">[email protected]</span></a>. 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 6W208C, 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: Student Assistance General Provisions--Subpart
K--Cash Management.
OMB Control Number: 1845-0106.
Type of Review: An extension without change of a currently approved
collection.
Respondents/Affected Public: Private Sector; State, Local, and
Tribal Governments; Individuals and Households.
Total Estimated Number of Annual Responses: 2,503,922.
Total Estimated Number of Annual Burden Hours: 764,450.
Abstract: The Department of Education (the Department) amended the
Student Assistance General Provisions regulations issued under the
Higher Education Act of 1965, as amended (HEA), to implement the
changes made to the Student Assistance General Provisions regulations--
Subpart K--Cash Management Sec. 668.164--Disbursing funds. These
regulations are
[[Page 44703]]
intended to ensure students and parents have convenient access to their
Title IV, HEA program funds, do not incur unreasonable and uncommon
financial account fees on these title IV funds and are not led to
believe that they must open a particular financial account to receive
their Federal student aid. This request is for an extension of the
information collection for the requirements that are contained in the
regulations Sec. 668.164--Disbursing funds. The regulations require
that an institution that makes direct payments to a student or parent
by electronic funds transfer (EFT) and that chooses to enter into an
arrangement described in 668.164(e) or (f), including an institution
that uses a third-party servicer to make those payments, must establish
a selection process under which the student chooses one of several
options for receiving those Title IV, HEA fund payments. There has been
no change to the regulations.
Dated: August 10, 2021.
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. 2021-17360 Filed 8-12-21; 8:45 am]
BILLING CODE 4000-01-P
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