Notice2022-13166
Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Part 601 Preferred Lender Arrangements
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
June 21, 2022
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 87 Issue 118 (Tuesday, June 21, 2022)</title>
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[Federal Register Volume 87, Number 118 (Tuesday, June 21, 2022)]
[Notices]
[Pages 36836-36837]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-13166]
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DEPARTMENT OF EDUCATION
[Docket No. ED-2022-SCC-0048]
Agency Information Collection Activities; Submission to the
Office of Management and Budget for Review and Approval; Comment
Request; Part 601 Preferred Lender Arrangements
AGENCY: Federal Student Aid (FSA), Department of Education (ED).
[[Page 36837]]
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
July 21, 2022.
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#cf868c8ba0aca4aabba2a8bd8faaabe1a8a0b9"><span class="__cf_email__" data-cfemail="68212b2c070b030d1c050f1a280d0c460f071e">[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: Part 601 Preferred Lender Arrangements.
OMB Control Number: 1845-0101.
Type of Review: Extension without change of a currently approved
collection.
Respondents/Affected Public: Private Sector; Individuals or
Households; State, Local, and Tribal Governments.
Total Estimated Number of Annual Responses: 18,623,389.
Total Estimated Number of Annual Burden Hours: 3,801,989.
Abstract: 34 CFR part 601--Institution and Lender Requirements
Relating to Education Loans is a section of the regulations governing
private education loans offered at covered institutions. These
regulations assure the Secretary that the integrity of the program is
protected from fraud and misuse of program funds and places
requirements on institutions and lenders to ensure that borrowers
receive additional disclosures about Title IV, HEA program assistance
prior to obtaining a private education loan. The Department is
submitting the unchanged Private Education Loan Applicant Self-
Certification for OMB's continued approval. While information about the
applicant's cost of attendance and estimated financial assistance must
be provided to the student, if available, the student will provide the
data to the private loan lender who must collect and maintain the self-
certification form prior to disbursement of a Private Education Loan.
The Department will not receive the Private Education Loan Applicant
Self-Certification form and therefore will not be collecting and
maintaining the form or its data.
Dated: June 14, 2022.
Kun Mullan,
PRA Coordinator, Strategic Collections and Clearance, Governance and
Strategy Division, Office of Chief Data Officer, Office of Planning,
Evaluation and Policy Development.
[FR Doc. 2022-13166 Filed 6-17-22; 8:45 am]
BILLING CODE 4000-01-P
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