Consolidation Loan Rebate Fee Report

Forms and Documents

Document Name	Status
Form ED Form 4-619 Consolidation Loan Rebate Fee Report Form and Instruction	Modified
Att_statue.txt Supplementary Document	2007-12-06
Supporting Statement.doc Supporting Statement A	2008-02-12

IC Document Collections

IC ID	Document Title	Status
22280	Consolidation Loan Rebate Fee Report Form and Instruction	Modified

ICR Details

OMB Control No: 1845-0046	ICR Reference No: 200712-1845-002
Status: Historical Active	Previous ICR Reference No: 200502-1845-002
Agency/Subagency: ED/FSA	Agency Tracking No: 3485
Title: Consolidation Loan Rebate Fee Report
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 02/21/2008
	Date Received in OIRA: 12/13/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2011	36 Months From Approved	04/30/2008
Responses	12,000	0	9,804
Time Burden (Hours)	13,000	0	10,621
Cost Burden (Dollars)	0	0	0

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Abstract: The Consolidation Loan rebate fee Report for payment by check or Electronic Funds Transfer (EFT) will be used by approximately 817 lenders participating in the Title IV, Part B loans program. The information collected is used to transmit interest payment rebate fees tp Secretary of Education.

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Authorizing Statute(s): US Code: 20 USC Section 1078-3 Name of Law: Federal Consolidation Loans
   PL: Pub.L. 103 - 66 4046 Name of Law: Omnibus Budget Reconciliation Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 58062	10/12/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 70577	12/12/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Consolidation Loan Rebate Fee Report	ED Form 4-619	FFEL CONSOLIDATION LOAN REBATE FEE

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	12,000	9,804	0	2,196	0	0
Annual Time Burden (Hours)	13,000	10,621	0	2,379	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: There is a burden increase due to the increase of respondents.

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Annual Cost to Federal Government: $100,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/13/2007

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