[Federal Register: December 23, 2009 (Volume 74, Number 245)]
[Notices]              
[Page 68258-68259]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr23de09-44]    
         

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DEPARTMENT OF EDUCATION


Submission for OMB Review; Comment Request

AGENCY: Department of Education.
SUMMARY: The Acting Director, Information Collection Clearance
Division, Regulatory Information Management Services, Office of
Management, invites comments on the submission for OMB review as
required by the Paperwork Reduction Act of 1995.

DATES: Interested persons are invited to submit comments on or before
January 22, 2010.

ADDRESSES: Written comments should be addressed to the Office of
Information and Regulatory Affairs, Attention: Education Desk Officer,
Office of Management and Budget, 725 17th Street, NW., Room 10222, New
Executive Office Building, Washington, DC 20503, or should be faxed to
(202) 395-5806 or send e-mail to oira_submission@omb.eop.gov.

SUPPLEMENTARY INFORMATION: Section 3506 of the Paperwork Reduction Act
of 1995 (44 U.S.C. Chapter 35) requires that the Office of Management
and Budget (OMB) provide interested Federal agencies and the public an
early opportunity to comment on information collection requests. OMB
may amend or waive the requirement for public consultation to the
extent that public participation in the approval process would defeat
the purpose of the information collection, violate State or Federal
law, or substantially interfere with any agency's ability to perform
its

[[Page 68259]]

statutory obligations. The Acting Director, Information Clearance
Division, Regulatory Information Management Services, Office of
Management, publishes a notice containing proposed information
collection requests prior to submission of these requests to OMB. Each
proposed information collection, grouped by office, contains the
following: (1) Type of review requested, e.g., new, revision,
extension, existing or reinstatement; (2) Title; (3) Summary of the
collection; (4) Description of the need for, and proposed use of, the
information; (5) Respondents and frequency of collection; and (6)
Reporting and/or Recordkeeping burden. OMB invites public comment.

    Dated: December 18, 2009.
James Hyler,
Acting Director, Information Collection Clearance Division, Regulatory
Information Management Services, Office of Management.

Federal Student Aid

    Type of Review: New.
    Title: Part 601 Preferred Lender Arrangements.
    Frequency: On occasion.
    Affected Public: Individuals or households; Not-for-profit
institutions.
    Reporting and Recordkeeping Hour Burden:

Responses: 13,674,883.
Burden Hours: 3,197,761.
    Abstract: Part 601--Institution and Lender Requirements Relating to
Education Loans is a new section of the proposed regulations governing
private education loans offered at covered institutions by lenders also
participating in the FFEL program. These proposed 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 insure that borrowers receive additional disclosures about
Title IV, HEA program assistance prior to obtaining a private education
loan. These proposed regulations require covered institutions to
provide a variety of new loan disclosures, disclosures on private
loans, for institutions to prepare and submit an annual report on the
use of private loans, and to establish and adopt a code of conduct for
institutions' participation in a preferred lender arrangement. The
Department, in conjunction with outside entities are submitting the
Private Education Loan Applicant Self-Certification form for OMB's
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.
    Requests for copies of the information collection submission for
OMB review may be accessed from http://edicsweb.ed.gov, by selecting
the ``Browse Pending Collections'' link and by clicking on link number
4046. When you access the information collection, click on ``Download
Attachments'' to view. Written requests for information should be
addressed to U.S. Department of Education, 400 Maryland Avenue, SW.,
LBJ, Washington, DC 20202-4537. Requests may also be electronically
mailed to the Internet address ICDocketMgr@ed.gov or faxed to =
202-401-
0920. Please specify the complete title of the information collection
when making your request.
    Comments regarding burden and/or the collection activity
requirements should be electronically mailed to ICDocketMgr@ed.gov.
Individuals who use a telecommunications device for the deaf (TDD) may
call the Federal Information Relay Service (FIRS) at 1-800-877-8339.
[FR Doc. E9-30514 Filed 12-22-09; 8:45 am]

BILLING CODE 4000-01-P