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Subject: Lender's Request for Payment of Interest and
Special Allowance--LaRS

Publication Date: November 19, 2010

Posted Date: November 19, 2010

Subject: Lender's Request for Payment of Interest and Special Allowance--LaRS

FR Type: Notice

[Federal Register: November 19, 2010 (Volume 75, Number 223)]
[Page 70916]
From the Federal Register Online via GPO Access []


Notice of Submission for OMB Review

AGENCY: Department of Education.

ACTION: Comment Request.


SUMMARY: The Director, Information Collection Clearance Division, 
Regulatory Information Management Services, Office of Management 
invites comments on the submission for OMB review as required by the 
Paperwork Reduction Act of 1995 (Pub. L. 104-13).

DATES: Interested persons are invited to submit comments on or before 
December 20, 2010.

ADDRESSES: Written comments should be addressed to the Office of 
Information and Regulatory Affairs, Attention: Education Desk Officer, 
Office of Management and Budget, 725 17th Street, NW., Room 10222, New 
Executive Office Building, Washington, DC 20503, be faxed to (202) 395-
5806 or e-mailed to with a cc: to Please note that written comments received in 
response to this notice will be considered public records.

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. The 
OMB is particularly interested in comments which: (1) Evaluate whether 
the proposed collection of information is necessary for the proper 
performance of the functions of the agency, including whether the 
information will have practical utility; (2) Evaluate the accuracy of 
the agency's estimate of the burden of the proposed collection of 
information, including the validity of the methodology and assumptions 
used; (3) Enhance the quality, utility, and clarity of the information 
to be collected; and (4) Minimize the burden of the collection of 
information on those who are to respond, including through the use of 
appropriate automated, electronic, mechanical, or other technological 
collection techniques or other forms of information technology.

    Dated: November 16, 2010.
Darrin A. King,
Director, Information Collection Clearance Division, Regulatory 
Information Management Services, Office of Management.

Federal Student Aid

    Type of Review: Extension.
    Title of Collection: Lender's Request for Payment of Interest and 
Special Allowance--LaRS.
    OMB Control Number: 1845-0013.
    Agency Form Number(s): ED Form 799.
    Frequency of Responses: Quarterly.
    Affected Public: Businesses or other for-profit; Not-for-profit 
    Total Estimated Number of Annual Responses: 11,600.
    Total Estimated Annual Burden Hours: 28,275.
    Abstract: The Lender's Request for Payment of Interest and Special 
Allowance (ED Form 799) is used by approximately 2,900 lenders 
participating in the Title IV, Part B loan programs. The ED Form 799 is 
used to pay interest and special allowance to holders of the Part B 
loans; and to capture quarterly data from lender's loan portfolio for 
financial and budgetary projections.
    Requests for copies of the information collection submission for 
OMB review may be accessed from the Web site at 
http:[sol][sol][sol]public[sol]do[sol]PRAMain or from 
the Department's Web site at http:[sol][sol], by 
selecting the ``Browse Pending Collections'' link and by clicking on 
link number 4366. 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 the Internet address or 
faxed to 202-401-0920. Please specify the complete title of the 
information collection and OMB Control Number when making your request.
    Individuals who use a telecommunications device for the deaf (TDD) 
may call the Federal Information Relay Service (FIRS) at 1-800-877-

[FR Doc. 2010-29273 Filed 11-18-10; 8:45 am]

Last Modified: 11/18/2010