Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

Subject: Loan Cancellation in the Federal Perkins Loan Program

Publication Date: December 3, 2012

Posted Date: December 3, 2012

Subject: Loan Cancellation in the Federal Perkins Loan Program

FR Type: Notice


[Federal Register Volume 77, Number 232 (Monday, December 3, 2012)]
[Notices]
[Page 71584]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-29109]



[[Page 71584]]

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

DEPARTMENT OF EDUCATION

[Docket No. ED-2012-ICCD-0065]


Agency Information Collection Activities; Comment Request; Loan 
Cancellation in the Federal Perkins Loan Program

AGENCY: Department of Education (ED), Office of Postsecondary Education 
(OPE).

ACTION: Notice.

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

SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (44 
U.S.C. chapter 3501 et seq.), ED is proposing an extension of an 
existing information collection.

DATES: Interested persons are invited to submit comments on or before 
February 1, 2013.

ADDRESSES: Comments submitted in response to this notice should be 
submitted electronically through the Federal eRulemaking Portal at 
http://www.regulations.gov by selecting Docket ID number ED-2012-ICCD-
0065 or via postal mail, commercial delivery, or hand delivery. Please 
note that comments submitted by fax or email and those submitted after 
the comment period will not be accepted. Written requests for 
information or comments submitted by postal mail or delivery should be 
addressed to the Director of the Information Collection Clearance 
Division, U.S. Department of Education, 400 Maryland Avenue SW., LBJ, 
Room 2E117, Washington, DC 20202-4537.

FOR FURTHER INFORMATION CONTACT: Electronically mail 
ICDocketMgr@ed.gov. Please do not send comments here.

SUPPLEMENTARY INFORMATION: The Department of Education (ED), 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, revised, and continuing 
collections of information. This helps the Department assess the impact 
of its information collection requirements and minimize the public's 
reporting burden. It also helps the public understand the Department's 
information collection requirements and provide the requested data in 
the desired format. ED is soliciting comments on the proposed 
information collection request (ICR) that is described below. 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: Loan Cancellation in the Federal Perkins Loan 
Program.
    OMB Control Number: 1845-0100.
    Type of Review: Extension of a currently approved collection.
    Respondents/Affected Public: Individuals or households; private 
Sector (not-for-profit institutions); State, Local, or Tribal 
Governments.
    Total Estimated Number of Annual Responses: 123,022.
    Total Estimated Number of Annual Burden Hours: 46,135.
    Abstract: This is a request for the renewal of the OMB approval for 
the recordkeeping requirements contained in 34 CFR 674.53, 674.56, 
674.57, 674.58 and 674.59. The information collections in these 
regulations are necessary to determine Federal Perkins Loan borrower's 
eligibility to receive certain cancellation benefits and to prevent 
fraud and abuse of program funds. The requests for cancellation of 
Perkins Loans are received by the institution to determine the 
eligibility of the borrower and their loans for the cancellation being 
requested. The recordkeeping requirements are imposed to ensure 
accountability or program participants for proper program 
administration and to justify the payment of funds by the federal 
government. Not collecting the information described would likely 
result in a loss of Federal money due to waste, fraud and abuse.

    Dated: November 27, 2012.
Darrin A. King,
Director, Information Collection Clearance Division, Privacy, 
Information and Records Management Services, Office of Management.
[FR Doc. 2012-29109 Filed 11-30-12; 8:45 am]
BILLING CODE 4000-01-P
 


Last Modified: 12/02/2012