Notice2024-09331
Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; PLUS Adverse Credit Reconsideration Loan Counseling
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
May 1, 2024
Issuing agencies
Education Department
Abstract
In accordance with the Paperwork Reduction Act (PRA) of 1995, the Department is proposing an extension without change of a currently approved information collection request (ICR).
Full Text
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<title>Federal Register, Volume 89 Issue 85 (Wednesday, May 1, 2024)</title>
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[Federal Register Volume 89, Number 85 (Wednesday, May 1, 2024)]
[Notices]
[Page 35079]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-09331]
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DEPARTMENT OF EDUCATION
[Docket No.: ED-2024-SCC-0026]
Agency Information Collection Activities; Submission to the
Office of Management and Budget for Review and Approval; Comment
Request; PLUS Adverse Credit Reconsideration Loan Counseling
AGENCY: Federal Student Aid (FSA), Department of Education (ED).
ACTION: Notice.
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SUMMARY: In accordance with the Paperwork Reduction Act (PRA) of 1995,
the Department is proposing an extension without change of a currently
approved information collection request (ICR).
DATES: Interested persons are invited to submit comments on or before
May 31, 2024.
ADDRESSES: Written comments and recommendations for proposed
information collection requests should be submitted within 30 days of
publication of this notice. Click on this link <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a> to access the site. Find this information collection request
(ICR) by selecting ``Department of Education'' under ``Currently Under
Review,'' then check the ``Only Show ICR for Public Comment'' checkbox.
<a href="http://Reginfo.gov">Reginfo.gov</a> provides two links to view documents related to this
information collection request. Information collection forms and
instructions may be found by clicking on the ``View Information
Collection (IC) List'' link. Supporting statements and other supporting
documentation may be found by clicking on the ``View Supporting
Statement and Other Documents'' link.
FOR FURTHER INFORMATION CONTACT: For specific questions related to
collection activities, please contact Beth Grebeldinger, (202) 377-
4018.
SUPPLEMENTARY INFORMATION: The Department 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: PLUS Adverse Credit Reconsideration Loan
Counseling.
OMB Control Number: 1845-0129.
Type of Review: Extension without change of a currently approved
ICR.
Respondents/Affected Public: Individuals or Households.
Total Estimated Number of Annual Responses: 142,824.
Total Estimated Number of Annual Burden Hours: 107,119.
Abstract: Section 428B(a)(1)(A) of the Higher Education Act of
1965, as amended (HEA), provides that to be eligible to receive a
Federal PLUS Loan under the Federal Family Education Loan (FFEL)
Program, the applicant must not have an adverse credit history, as
determined pursuant to regulations promulgated by the Secretary. In
accordance with section 455(a)(1) of the HEA, this same eligibility
requirement applies to applicants for PLUS loans under the Direct Loan
Program. Since July 1, 2010, there have been no new FFEL Program loans
originated and the Direct Loan Program is the only Federal loan program
that offers Federal PLUS Loans.
The adverse credit history section of the eligibility regulations
in 34 CFR 685.200 (b) and (c) were updated in 2014 by the Department of
Education (the Department) when a review of and a change to the
regulations was made. Specifically, an applicant for a PLUS loan who is
determined to have an adverse credit history must complete loan
counseling offered by the Secretary before receiving the Federal PLUS
loan.
The Department is requesting an extension to the information
collection regarding the adverse credit history regulations in 34 CFR
685.200 (b) and (c) and the burden these changes create for Federal
PLUS loan borrowers, both parent and graduate/professional students.
Dated: April 25, 2024.
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. 2024-09331 Filed 4-30-24; 8:45 am]
BILLING CODE 4000-01-P
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</html>Indexed from Federal Register on May 1, 2024.
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