Subject: Documents Associated with the Notice of Terms and Conditions of Additional Purchase of Loans under the "Ensuring Continued Access to Student Loans Act of 2008"

Publication Date: February 09, 2009

Posted Date: February 09, 2009

FR Type: Notice

[Federal Register: February 9, 2009 (Volume 74, Number 25)]
[Notices]               
[Page 6399-6400]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09fe09-26]                         

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DEPARTMENT OF EDUCATION
 
Notice of Proposed Information Collection Requests

AGENCY: Department of Education.

SUMMARY: The Director, Information Collection Clearance Division, 
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 
April 10, 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 Director, 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: February 3, 2009.
Angela C. Arrington, Director, Information Collections Clearance Division, Regulatory 
Information Management Services, Office of Management.

Federal Student Aid

    Type of Review: New.
    Title: Documents Associated with the Notice of Terms and Conditions 
of Additional Purchase of Loans under the ``Ensuring Continued Access 
to Student Loans Act of 2008.''
    Frequency: On occasion.
    Affected Public: Businesses or other for-profit.
    Reporting and Recordkeeping Hour Burden:
Responses: 14,880.
Burden Hours: 14,880.

    Abstract: The Ensuring Continued Access to Student Loans Act of 
2008 (Pub. L. No. 110-227) (the ECASLA) which was signed into law on 
May 7, 2008, amended the Higher Education Act of 1965, as amended (the 
HEA) by adding a new Section 459A that provides the U.S. Department of 
Education (the Department) with temporary authority to purchase student 
loans from Federal Family Education Loan (FFEL) Program lenders. The 
documents included with this submission establish the terms and 
conditions that will govern certain loan purchases through the 
replication for the 2009-2010 academic year of the Loan Participation 
Purchase Program and the Loan Purchase Commitment Program that have 
been established for the 2007-2008 and 2008-2009 academic years.
    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 3904. 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. E9-2623 Filed 2-6-09; 8:45 am]

BILLING CODE 4000-01-P

Maintained for Historical Purposes

Subject: Documents Associated with the Notice of Terms and Conditions of Additional Purchase of Loans under the "Ensuring Continued Access to Student Loans Act of 2008"