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Subject: Guaranty Agency Financial Report

Publication Date: April 2, 2012

Posted Date: April 2, 2012

Subject: Guaranty Agency Financial Report

FR Type: Notice


[Federal Register Volume 77, Number 63 (Monday, April 2, 2012)]
[Notices]
[Pages 19649-19650]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-7822]
 
 
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DEPARTMENT OF EDUCATION
 
 
Notice of Submission for OMB Review; Federal Student Aid; 
Guaranty Agency Financial Report
 
SUMMARY: The Guaranty Agency Financial Report (GAFR), U.S. Department 
of Education (ED) Form 2000, is used by the thirty-three (33) guaranty 
agencies under the Federal Family Education Loan program, authorized by 
Title IV, Part B of the Higher Education Act of 1965, as amended.
 
DATES: Interested persons are invited to submit comments on or before 
May 2, 2012.
 
ADDRESSES: Written comments regarding burden and/or the collection 
activity requirements should be electronically mailed to 
ICDocketMgr@ed.gov or mailed to U.S. Department of Education, 400 
Maryland Avenue SW., LBJ, Washington, D.C. 20202-4537. 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 04771. 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, D.C. 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 and OMB Control Number when making your request.
    Individuals who use a telecommunications device for the deaf
 
[[Page 19650]]
 
(TDD) may call the Federal Information Relay Service (FIRS) at 1-800-
877-8339.
 
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 Acting Director, Information Collection 
Clearance Division, Privacy, Information and Records 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. Please note that written 
comments received in response to this notice will be considered public 
records.
    Title of Collection: Guaranty Agency Financial Report.
    OMB Control Number: 1845-0026.
    Type of Review: Revision.
    Total Estimated Number of Annual Responses: 792.
    Total Estimated Number of Annual Burden Hours: 43,560.
    Abstract: 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.
 
    Dated: March 28, 2012.
Tomakie Washington,
Acting Director, Information Collection Clearance Division, Privacy, 
Information and Records Management Services, Office of Management.
[FR Doc. 2012-7822 Filed 3-30-12; 8:45 am]
BILLING CODE 4000-01-P


Last Modified: 04/01/2012