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Electronic Debit Payment Option for Student Loans (JS).

Publication Date: March 2003

Page Numbers: 14968-14969

Electronic Debit Payment Option for Student Loans (JS).

Posted on 03-27-2003

Federal Register: March 27, 2003 (Volume 68, Number 59)]
[Page 14968-14969]
From the Federal Register Online via GPO Access []



Submission for OMB Review; Comment Request

AGENCY: Department of Education.
SUMMARY: The Leader, Regulatory Information Management Group, Office of
the Chief Information Officer 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
March 26, 2003.

ADDRESSES: Written comments should be addressed to the Office of
Information and Regulatory Affairs, Attention: Lauren Wittenberg,
Acting Desk Officer, Department of Education, Office of Management and
Budget, 725 17th Street, NW., Room 10235, New Executive Office
Building, Washington, DC 20503 or should be electronically mailed to
the internet address
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 Information
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.

[[Page 14969]]

    Dated: March 21, 2003.
John D. Tressler,
Leader, Regulatory Information Management Group, Office of the Chief
Information Officer.

Federal Student Aid

    Type of Review: Reinstatement, with change, of a previously
approved collection for which approval has expired.
    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: 2714.
     Burden Hours: 2714.
    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 submission for OMB review; comment
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 internet 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 SCHUBART at (202) 708-9266.
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. 03-7309 Filed 3-26-03; 8:45 am]

Last Modified: 03/26/2003