Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

Subject: The Federal Perkins Loan Master Promissory Note (MPN) is a promissory note under which a borrower may receive loans for a single academic year or multiple academic years.

Publication Date: April 09, 2009

Posted Date: April 09, 2009

Subject: The Federal Perkins Loan Master Promissory Note (MPN) is a promissory note under which a borrower may receive loans for a single academic year or multiple academic years.

FR Type: Notice

[Federal Register: April 9, 2009 (Volume 74, Number 67)]
[Notices]               
[Page 16191]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09ap09-41]                         

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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 
June 8, 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, Information Collection 
Clearance Division, 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: April 3, 2009.
Angela C. Arrington,
Director, Information Collections Clearance Division, Regulatory 
Information Management Services, Office of Management.
    Federal Student Aid
    Type of Review: Revision.
    Title: .
    Frequency: On occasion.
    Affected Public: Businesses or other for profit; individuals or 
household; not-for-profit institutions.
    Reporting and Recordkeeping Hour Burden:

Responses: 690,000.
Burden Hours: 345,000.
    Abstract: The Federal Perkins Loan Master Promissory Note (MPN) is 
a promissory note under which a borrower may receive loans for a single 
academic year or multiple academic years. The adoption of the MPN in 
the Perkins Loan Program has simplified the loan process by eliminating 
the need for institutions to prepare, and students to sign, a 
promissory note each award year.
    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 4005. 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. E9-8119 Filed 4-8-09; 8:45 am]

BILLING CODE 4000-01-P