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Electronic Debit Payment Option for Student Loans (JS).

Publication Date: January 2003

Page Numbers: 1444

Electronic Debit Payment Option for Student Loans (JS).

Posted on 01-14-2003

[Federal Register: January 10, 2003 (Volume 68, Number 7)]
[Page 1444]
From the Federal Register Online via GPO Access []

Notice of Proposed Information Collection Requests

AGENCY: Department of Education.
SUMMARY: The Leader, Regulatory Management Group, Office of the Chief
Information Officer, invites comments on the proposed information
collection requests as required by the Paperwork Reduction Act of 1995.

DATES: Interested persons are invited to submit comments on or before
March 11, 2003.

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 statutory obligations. The Leader, Regulatory Management Group,
Office of the Chief Information Officer, publishes that 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.
    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.

    Dated: January 7, 2003
John D. Tressler
Leader, Regulatory Management Group, Office of the Chief Information

Federal Student Aid

    Type of Review: New Collection.
    Title: Electronic Debit Payment Option for Student Loans (JS).
    Frequency: Other: one time.
    Affected Public: Businesses or other for-profit, Federal
    Reporting and Recordkeeping Hour Burden:
     Responses: 108541;
     Burden Hours: 2.
    Abstract: The need for an Electronic Debit Account Program will
give the borrower another option in which to repay federally funded
student loans via automatic debit deductions from their checking
    Requests for copies of the proposed information collection request
may be accessed from
, by selecting the ``Browse
Pending Collections'' link and by clicking on link number 1118. When
you access the information collection, click on ``Download
Attachments'' to view. Written requests for information should be
addressed to Vivian Reese, Department of Education, 400 Maryland
Avenue, SW, Room 4050, Regional Office Building 3, Washington, DC
20202-4651 or to the e-mail address Requests may
also be electronically mailed to the e-mail address
or faxed to 202-708-9346. Please specify the complete title of the
information collection when making your request.
    Comments regarding burden and/or the collection activity
requirements should be directed to Joseph Schubart at his e-mail
address Individuals who use a telecommunications
device for the deaf (TDD) may call the Federal Information Relay
Service (FIRS) at 1-800-877-8339.

Last Modified: 01/13/2003