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_Supporting Statement - CLRF.doc Supporting Statement A	2011-01-27
Att_statue.txt Supplementary Document	2007-12-06

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: 201011-1845-006
Status: Historical Active	Previous ICR Reference No: 200712-1845-002
Agency/Subagency: ED/FSA	Agency Tracking No: 4417
Title: Consolidation Loan Rebate Fee Report
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/06/2011
	Date Received in OIRA: 02/02/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2014	36 Months From Approved	04/30/2011
Responses	11,400	0	12,000
Time Burden (Hours)	12,350	0	13,000
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 950 lenders participating in the Title IV, Part B loans program. The information collected is used to transmit interest payment rebate fees to the 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:
	75 FR 69423	11/12/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 5787	02/02/2011
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	11,400	12,000	0	0	-600	0
Annual Time Burden (Hours)	12,350	13,000	0	0	-650	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: ED is citing total burden of 12,350 hours and 11,400 responses on this extension of a currently approved collection. This is a decrease of 650 hours and 600 responses. The decrease is due to a decrease in the number of respondents. These figures equate to an adjustment in burden of 650 hours.

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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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 02/02/2011

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