This approval
covers information collection requirements in five FFEL final
rules: General Administration (7,504 hours program increase in
burden hours; Repayment, Deferments, and Forbearances (21,000 hours
program decrease); Special Insurance and Reinsurance (643,200 hours
program increase); Stafford Loan Forgiveness program (500 hours
progra increase -- this collection is approved only on the
condition that the program receives funding); and the FFEL
corrections rule (330 hours program increase).
Inventory as of this Action
Requested
Previously Approved
05/31/1997
05/31/1997
05/31/1997
12,805,393
0
12,797,333
30,010,785
0
29,380,251
0
0
0
STUENT LOANS - FINANCIAL AID. THESE
REGULATIONS IMPLEMENT CHANGES TO THE HIGHER EDUCATION ACT OF 1965
BY THE HIGHER EDUCATION AMENDMENTS OF RATES, ORIGINATION FEES, AND
INSURANCE PREMIUMS. PRESCRIBES RULES FOR 1992, THE AMNIBUS
RECONCILIATION ACT OF 1993 AND THE HIGHER EDUCATION TECHNICAL
AMENDMENTS OF 1993 TO PROVIDE BORROWERS GREATER ACCESS TO
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.