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) provides the terms and conditions of the Perkins Loan program and is prepared by the participating eligible institution and signed by the borrower.

Publication Date: May 16, 2012

Posted Date: May 16, 2012

Subject: The Federal Perkins Loan Master Promissory Note (MPN) provides the terms and conditions of the Perkins Loan program and is prepared by the participating eligible institution and signed by the borrower.

FR Type: Notice


[Federal Register Volume 77, Number 95 (Wednesday, May 16, 2012)]
[Notices]
[Page 28860]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-11820]
 
=====================================================
 
DEPARTMENT OF EDUCATION
 
Notice of Proposed Information Collection Requests; Federal 
Student Aid; Federal Perkins Loan Program Master Promissory Note
 
SUMMARY: The Federal Perkins Loan Master Promissory Note (MPN) provides 
the terms and conditions of the Perkins Loan program and is prepared by 
the participating eligible institution and signed by the borrower.
 
DATES: Interested persons are invited to submit comments on or before 
July 16, 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, DC 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 04850. 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 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.
 
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, 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: Federal Perkins Loan Program Master Promissory 
Note.
    OMB Control Number: 1845-0074.
    Type of Review: Extension.
    Total Estimated Number of Annual Responses: 462,922.
    Total Estimated Number of Annual Burden Hours: 231,461.
    Abstract: The 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.
 
    Dated: May 10, 2012.
Kate Mullan,
Acting Director, Information Collection Clearance Division, Privacy, 
Information and Records Management Services, Office of Management.
[FR Doc. 2012-11820 Filed 5-15-12; 8:45 am]
BILLING CODE 4000-01-P
 


Last Modified: 05/15/2012