Summary: Federal Family Education Loan (FFEL) School Letter

Page Numbers: 32311-32312

Summary: Federal Family Education Loan (FFEL) School Letter

Posted on 06-06-2008

[Federal Register: June 6, 2008 (Volume 73, Number 110)]
[Notices]
[Page 32311-32312]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr06jn08-53]

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DEPARTMENT OF EDUCATION

Notice of Proposed Information Collection Requests

AGENCY: Department of Education.

SUMMARY: The IC Clearance Official, Regulatory Information Management
Services, Office of Management, 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
August 5, 2008.

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 32312]]

statutory obligations. The IC Clearance Official, Regulatory
Information Management Services, Office of Management, 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: June 2, 2008.
Angela C. Arrington, IC Clearance Official, Regulatory Information Management Services,
Office of Management.

Federal Student Aid

Type of Review: Extension.
Title: Federal Family Education Loan (FFEL) School Letter.
Frequency: One time.
Affected Public: Not-for-profit institutions; State, Local, or
Tribal Gov't, SEAs or LEAs.
Reporting and Recordkeeping Hour Burden:
Responses: 500.
Burden Hours: 125.

Abstract: On March 4, 2008, a letter was sent via e-mail to 4,155
financial aid administrators at institutions that participate in the
Federal Family Educational Loan Program. The purpose of the letter is
to inform the financial aid administrators that the Department of
Education is monitoring the current uncertainty in the credit markets
and the impact of that uncertainty on student loan programs. The letter
invites the financial aid administrator to provide the Department with
any information he or she has related to any lender that plans to
reduce, suspend, or discontinue making student loans. The letter
requests this information for both federal and non-federal student
loans. The Department uses the information received from the financial
aid administrators to prepare an analysis and summary for presentation
to the Secretary. The Secretary continues to use the information to
make her decisions related to ensuring the continued availability of
educational loans for students and their families.

Requests for copies of the proposed information collection request
may be accessed from http://edicsweb.ed.gov, by selecting the ``Browse
Pending Collections'' link and by clicking on link number 3657. 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�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. E8-12686 Filed 6-5-08; 8:45 am]

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