Date: November 5, 2008
Page Numbers: 65839-65840
Associated with the Notice of Terms and Conditions of Purchase of Loans
under the Ensuring Continued Access to Student Loans Act of 2008
Posted on 11-05-2008
[Federal Register: November 5, 2008 (Volume 73, Number 215)]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
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
January 5, 2009.
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 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: October 30, 2008.
Angela C. Arrington, IC Clearance Official, Regulatory Information Management Services,
Office of Management.
Federal Student Aid
Type of Review: Revision.
Title: Documents Associated with the Notice of Terms and Conditions
of Purchase of Loans under the Ensuring Continued Access to Student
Loans Act of 2008.
Frequency: On Occasion.
Affected Public: Businesses or other for-profit (primary); Not-for-
Reporting and Recordkeeping Hour Burden:
Burden Hours: 25,750.
Abstract: As one of several measures intended to address concerns
about the availability of loans under the Federal Family Education Loan
(FFEL) Program during the 2008-2009 academic year, the Ensuring
Continued Access to Student Loans Act of 2008 (ECASLA), and the
Extension of Student Loan Purchase Authority which extended the program
through the 2009-2010 academic year, provides the Department of
Education (the Department) with temporary authority to purchase student
loans from FFEL Program lenders. The documents included in this
collection set forth the terms and conditions of the loan purchase
program authorized by ECASLA and its extension, and collect the
information from lenders that is required by the Department to
administer the program.
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 3878. 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
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. E8-26414 Filed 11-4-08; 8:45 am]
BILLING CODE 4000-01-P