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Subject: Guaranty Agency Financial Report

Publication Date: May 7, 2013

Posted Date: May 7, 2013

Subject: Guaranty Agency Financial Report

FR Type: Notice


[Federal Register Volume 78, Number 88 (Tuesday, May 7, 2013)]
[Notices]
[Page 26625]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-10706]

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DEPARTMENT OF EDUCATION

[Docket No. ED-2013-ICCD-0064]

Agency Information Collection Activities; Comment Request; 
Guaranty Agency Financial Report

AGENCY: Federal Student Aid (FSA), Department of Education (ED).

ACTION: Notice.

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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 
July 8, 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-2013-ICCD-
0064 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 2E103 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: Guaranty Agency Financial Report.
    OMB Control Number: 1845-0026.
    Type of Review: An extension of an existing information collection.
    Respondents/Affected Public: State, Local, or Tribal Governments.
    Total Estimated Number of Annual Responses: 744.
    Total Estimated Number of Annual Burden Hours: 40,920.
    Abstract: The Guaranty Agency Financial Report (GAFR), Education 
Form 2000, is used by the thirty-one (31) guaranty agencies under the 
Federal Family Education Loan (FFEL) program, authorized by Title IV, 
Part B of the HEA of 1965, as amended. Guaranty agencies use the GAFR 
to: (1) Request reinsurance from Education; (2) request payment on 
death, disability, closed school, and false certification claim 
payments to lenders; (3) remit to Education refunds on rehabilitated 
loans and consolidation loans; (4) remit to Education default and wage 
garnishment collections. Education 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: May 1, 2013.
Kate Mullan,
Acting Director, Information Collection Clearance Division, Privacy, 
Information and Records Management Services, Office of Management.
[FR Doc. 2013-10706 Filed 5-6-13; 8:45 am]
BILLING CODE 4000-01-P
 


Last Modified: 05/06/2013