Subject: The Perkins Assignment Form serves as the transmittal document in the assignment of such loans to the Federal Government

Publication Date: June 29, 2012

Posted Date: June 29, 2012

FR Type: Notice


[Federal Register Volume 77, Number 126 (Friday, June 29, 2012)]
[Notices]
[Page 38784]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-15996]
 
 
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DEPARTMENT OF EDUCATION
 
 
Notice of Proposed Information Collection Requests; Federal 
Student Aid; Federal Perkins Loan Program/NDSL Assignment Form
 
SUMMARY: The Federal Perkins Loan Program allows for assignment of 
certain defaulted loans from schools to continued collection efforts 
when the school has exhausted all of its efforts in recovering an 
outstanding loan. The Perkins Assignment Form serves as the transmittal 
document in the assignment of such loans to the Federal Government.
 
DATES: Interested persons are invited to submit comments on or before 
August 28, 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 04886. 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 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: Federal Perkins Loan Program/NDSL Assignment 
Form.
    OMB Control Number: 1845-0048.
    Type of Review: Extension.
    Total Estimated Number of Annual Responses: 14,055.
    Total Estimated Number of Annual Burden Hours: 7,028.
    Abstract: Schools participating in the Federal Perkins Loan 
Program, formerly the National Direct/Defense Student Loan Program 
(NDSL), currently use this form to assign defaulted loans to the U.S. 
Department of Education (the Department) for collection. These 
defaulted loans may, as outlined in 20 U.S.C. 1087cc and under program 
regulations 34 CFR 674.50, be assigned to the Federal government (i.e., 
U.S. Department of Education) for collection when the school has 
exhausted all efforts in the recovery of the outstanding loan. In 
addition, schools use this form to assign loans for which a school has 
approved a total and permanent disability discharge request, in 
accordance with 34 CFR 674.61(b) (2) (v).
 
    Dated: June 26, 2012.
Tomakie Washington,
Acting Director, Information Collection Clearance Division, Privacy, 
Information and Records Management Services, Office of Management.
[FR Doc. 2012-15996 Filed 6-28-12; 8:45 am]
BILLING CODE 4000-01-P

Maintained for Historical Purposes

Subject: The Perkins Assignment Form serves as the transmittal document in the assignment of such loans to the Federal Government