The William D Ford Federal Direct Loan
Program proposed regulations revise current regulations in areas of
program administration. The proposed regulations assure the
Secretary that the integrity of the program is protected form fraud
and misuse of program funds. The proposed regulations require
participating institutions to provide comprehensive information for
graduate and profession student borrowers to include the terms and
conditions of the loans, as well as the responsibilities of the
borrowers. These loan counseling requirements may be delivered
through on-line services.
This burden increase was
required by a proposed change in the regulation due to implementing
the statutory changes made by the Higher Education Opportunity Act
(HEOA) (Pub. L. 110-315) that amends the Higher Education Act of
1965, as amended (HEA).
No
No
Uncollected
Uncollected
No
Uncollected
Dan Klock 202 377-4026
No
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.