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Subject: Federal Family Educational Loan Program (FFEL)
Regulations--Administrative Requirements for States, Not-For-Profit
Lenders, and Eligible Lender Trustees

Publication Date: July 27, 2011

Posted Date: July 27, 2011

Subject: Federal Family Educational Loan Program (FFEL) Regulations--Administrative Requirements for States, Not-For-Profit Lenders, and Eligible Lender Trustees

FR Type: Notice


[Federal Register Volume 76, Number 144 (Wednesday, July 27, 2011)]
[Notices]
[Pages 44895-44896]
From the Federal Register Online via the Government Printing Office Office [wais.access.gpo.gov
[FR Doc No: 2011-18997]

--------------------------------------------------------

DEPARTMENT OF EDUCATION

Notice of Proposed Information Collection Requests

AGENCY: Department of Education.

ACTION: Comment request.

------------------------------------------------------

SUMMARY: The Department of Education (the Department), in accordance 
with the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 
3506(c)(2)(A)), provides the general public and Federal agencies with 
an opportunity to comment on proposed and continuing collections of 
information. This helps the Department assess the impact of its 
information collection requirements and minimize the reporting burden 
on the public and helps the public understand the Department's 
information collection requirements and provide the requested data in 
the desired format. 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 
September 26, 2011.

ADDRESSES: Comments regarding burden and/or the collection activity 
requirements should be electronically mailed to ICDocketMgr@ed.gov. Please note that written comments received in response to this notice will be considered public records.
or mailed to U.S. Department of Education, 400 Maryland Avenue, SW., LBJ, 
Washington, DC 20202-4537. 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 Federal agencies provide 
interested parties an early opportunity to comment on information 
collection requests. The Director, Information Collection Clearance 
Division, Regulatory Information Management Services, Office of 
Management, publishes this notice containing proposed information 
collection requests at the beginning of the Departmental review of the 
information collection. 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.


[[Page 44896]]


    Dated: July 21, 2011.
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: Federal Family Educational Loan Program (FFEL) 
Regulations--Administrative Requirements for States, Not-For-Profit 
Lenders, and Eligible Lender Trustees.
    OMB Control Number: 1845-0085.
    Agency Form Number(s): N/A.
    Frequency of Responses: Annually.
    Affected Public: Not-for-profit institutions; State, Local or 
Tribal Government.
    Total Estimated Number of Annual Responses: 73.
    Total Estimated Number of Annual Burden Hours: 73.
    Abstract: The regulations in 34 CFR 682.302 (f) assure the 
Secretary that the integrity of the program is protected from fraud and 
misuse of the program funds. These regulations require a State, non-
profit entity, or eligible lender trustee to provide to the Secretary a 
certification on the State or non-profit entity's letterhead signed by 
the State or non-profit's Chief Executive Officer (CEO) which states 
the basis upon which the entity qualifies as a State or non-profit 
entity. The submission must include documentation establishing the 
entity's State or non-profit status. In addition, the submission must 
include the name and lender identification number for which the 
eligible not-for profit designation is being certified. Once an entity 
has been approved as an eligible not-for-profit holder, the entity must 
provide to the Secretary an annual certification on the State or non-
profit entity's letterhead signed by the CEO, which includes the name 
and lender identification number(s) of the entities for which 
designation is being recertified. The annual certifcation must state 
that the State or non-profit entity has not altered its status as a 
State or non-profit entity since its prior certification to the 
Secretary and that it continues to satisfy the requirements of an 
eligible not-for-profit holder either in its own right or through a 
trust agreement with an eligible lender trustee. Further, when an 
approved not-for-profit holder has a change in status, within 10 days 
of becoming aware of the occurrence of a change that may result in a 
State or non-profit entity that has been designated an eligible not-
for-profit holder, either directly or through an eligible lender 
trustee, losing that eligibility, the State or non-profit entity must 
submit details of the change to the Secretary.
    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 4663. 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. Please note that written comments received in response to this notice will be considered public records.
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 1-800-877-8339.

[FR Doc. 2011-18997 Filed 7-26-11; 8:45 am]
BILLING CODE 4000-01-P
 


Last Modified: 07/26/2011