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Lender's Request for payment of Interest and Special Allowance--LARS

Publication Date: May 2003

Page Numbers: 25864-25868

Lender's Request for payment of Interest and Special Allowance--LARS

Posted on 05-14-2003

[Federal Register: May 14, 2003 (Volume 68, Number 93)]
[Page 25867-25868]
From the Federal Register Online via GPO Access []



Notice of Proposed Information Collection Requests

AGENCY: Department of Education.
SUMMARY: The Acting 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
July 14, 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 Acting 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

[[Page 25868]]

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: May 8, 2003.
Joseph Schubart,
Acting Leader, Regulatory Management Group, Office of the Chief
Information Officer.

Federal Student Aid

    Type of Review: Extension.
    Title: Lender's Request for Payment of Interest and Special
    Frequency: Quarterly, annually.
    Affected Public: State, local, or tribal gov't, SEAs or LEAs;
businesses or other for-profit.
    Reporting and Recordkeeping Hour Burden:
     Responses: 14,184.
     Burden Hours: 34,573.
    Abstract: The Lender's Request for Payment of Interest and
Special Allowance--LaRS (ED Form 799) is used by approximately 3,546
lenders participating in the title IV, part B loan programs. The ED
Form 799 is used to pay interest and special allowance to holders of
the part B loans; and to capture quarterly data from lender's loan
portfolio for financial and budgetary projections.
    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 2273. 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 Joe Schubart at (202) 708-9266 or
via 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.

[FR Doc. 03-11979 Filed 5-13-03; 8:45 am]

Last Modified: 05/13/2003