Notice2024-27418
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
November 22, 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 226 (Friday, November 22, 2024)</title>
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[Federal Register Volume 89, Number 226 (Friday, November 22, 2024)]
[Notices]
[Page 92670]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-27418]
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DEPARTMENT OF EDUCATION
[Docket No.: ED-2024-SCC-0113]
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 (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
December 23, 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) 570-
8414.
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: Student Assistance General Provisions--Subpart
K--Cash Management.
OMB Control Number: 1845-0106.
Type of Review: Extension without change of a currently approved
ICR.
Respondents/Affected Public: Private Sector; State, Local, and
Tribal Governments; Individual or 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 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 regulations 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: November 19, 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. 2024-27418 Filed 11-21-24; 8:45 am]
BILLING CODE 4000-01-P
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</html>Indexed from Federal Register on November 22, 2024.
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