Notice2024-09865
Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Joint Consolidation Loan Separation Application
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 7, 2024
Issuing agencies
Education Department
Abstract
In accordance with the Paperwork Reduction Act (PRA) of 1995, the Department is proposing a new information collection request (ICR).
Full Text
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<title>Federal Register, Volume 89 Issue 89 (Tuesday, May 7, 2024)</title>
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[Federal Register Volume 89, Number 89 (Tuesday, May 7, 2024)]
[Notices]
[Pages 38111-38112]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-09865]
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DEPARTMENT OF EDUCATION
[Docket No.: ED-2024-SCC-0005]
Agency Information Collection Activities; Submission to the
Office of Management and Budget for Review and Approval; Comment
Request; Joint Consolidation Loan Separation Application
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 a new information collection request (ICR).
DATES: Interested persons are invited to submit comments on or before
June 6, 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: Joint Consolidation Loan Separation
Application.
[[Page 38112]]
OMB Control Number: 1845-NEW.
Type of Review: New ICR.
Respondents/Affected Public: Individuals or Households; Private
Sector.
Total Estimated Number of Annual Responses: 74,000.
Total Estimated Number of Annual Burden Hours: 24,051.
Abstract: This is a new collection. The Joint Consolidation Loan
Separation Act (JCLSA), amended the Higher Education Act of 1965, as
amended (HEA) to allow joint consolidation co-borrowers to apply to
separate an existing joint Direct Consolidation Loan or Federal
Consolidation Loan into individual Direct Consolidation Loans. The HEA,
as amended by the JCLSA, requires joint consolidation loan borrowers to
apply to the U.S. Department of Education if they wish to separate an
existing joint consolidation loan into one or more individual Direct
Consolidation Loans. The JCLSA allows for either joint application or
separate application. Under the joint application option, each joint
consolidation loan co-borrower applies for an individual Direct
Consolidation Loan. Unless the co-borrowers agree on an alternate
amount specified in a divorce decree, court order, or settlement
agreement, each co-borrowers new individual Direct Consolidation Loan
will be made for an amount equal to the co-borrowers' portion of the
remaining outstanding balance of the joint consolidation loan. Under
the separate application option, a co-borrower who certifies that they
have experienced an act of domestic violence or economic abuse from the
other co-borrower, or that they are unable to reasonably reach or
access the loan information of the other co-borrower, may apply
separately for a new individual Direct Consolidation Loan, without
regard to whether or when the other co-borrower applies. In this
circumstance, the applying co-borrowers new Direct Consolidation Loan
will be made for an amount equal to that individual's portion of the
joint consolidation loan, determined as described above for the joint
application option.
Dated: May 1, 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. 2024-09865 Filed 5-6-24; 8:45 am]
BILLING CODE 4000-01-P
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</html>Indexed from Federal Register on May 7, 2024.
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