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Subject: Guaranty Agency Financial Report

Publication Date: March 03, 2009

Posted Date: March 03, 2009

Subject: Guaranty Agency Financial Report

FR Type: Notice

[Federal Register: March 3, 2009 (Volume 74, Number 40)]
[Notices]               
[Page 9224-9225]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr03mr09-36]                         

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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 
May 4, 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 Direct, 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 25, 2009.
Angela C. Arrington,
Director, Information Collections Clearance Division, Regulatory 
Information Management Services, Office of Management.

Federal Student Aid

    Type of Review: Extension.
    Title: Guaranty Agency Financial Report.
    Frequency: Monthly and Annually.
    Affected Public: Businesses or other for-profit; State, Local, or 
Tribal Gov't, SEAs or LEAs.
    Reporting and Recordkeeping Hour Burden:
     Responses: 468.
     Burden Hours: 25,740.
    Abstract: The Guaranty Agency Financial Report (GAFR), ED Form 
2000, is used by the thirty-six (36) guaranty agencies under the FFEL 
program, authorized by Title IV, Part B of the HEA of 1965, as amended. 
Guaranty agencies use the GAFR to: (1) Request reinsurance from ED; (2) 
request payment on death, disability, closed school, and false 
certification claim payments to lenders; (3) remit to ED refunds on 
rehabilitated loans and consolidation loans; (4) remit to ED default 
and wage garnishment collections. ED also uses report data to monitor 
the guaranty agency's financial activities (agency federal fund and 
agency operating fund) and each agency's Federal receivable balance.
    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 3949. When 
you access the information collection, click on ``Download 
Attachments'' to view. Written requests for information should be 
addressed to 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. E9-4461 Filed 3-2-09; 8:45 am]

BILLING CODE 4000-01-P