Notice2021-22655
Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; 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
October 18, 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 198 (Monday, October 18, 2021)</title>
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[Federal Register Volume 86, Number 198 (Monday, October 18, 2021)]
[Notices]
[Pages 57660-57661]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-22655]
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DEPARTMENT OF EDUCATION
[Docket No.: ED-2021-SCC-0135]
Agency Information Collection Activities; Submission to the
Office of Management and Budget for Review and Approval; 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
November 17, 2021.
ADDRESSES: Written comments and recommendations for proposed
information collection requests should be sent within 30 days of
publication of this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. 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
<a href="/cdn-cgi/l/email-protection#08414b4c676b636d7c656f7a486d6c266f677e"><span class="__cf_email__" data-cfemail="256c66614a464e40514842576540410b424a53">[email protected]</span></a>.
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 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
[[Page 57661]]
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: October 13, 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. 2021-22655 Filed 10-15-21; 8:45 am]
BILLING CODE 4000-01-P
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