81 FR 27126 - Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Part 601 Preferred Lender Arrangements

DEPARTMENT OF EDUCATION

Federal Register Volume 81, Issue 87 (May 5, 2016)

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.

[Federal Register Volume 81, Number 87 (Thursday, May 5, 2016)]
[Notices]
[Pages 27126-27127]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-10544]


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DEPARTMENT OF EDUCATION

[Docket No. ED-2016-ICCD-0023]


Agency Information Collection Activities; Submission to the 
Office of Management and Budget for Review and Approval; Comment 
Request; Part 601 Preferred Lender Arrangements

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 
June 6, 2016.

ADDRESSES: To access and review all the documents related to the 
information collection listed in this notice, please use http://www.regulations.gov by searching the Docket ID number ED-2016-ICCD-
0023. Comments submitted in response to this notice should be submitted 
electronically through the Federal eRulemaking Portal at http://www.regulations.gov by selecting the

[[Page 27127]]

Docket ID number 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 2E-103, Washington, DC 20202-4537.

FOR FURTHER INFORMATION CONTACT: For specific questions related to 
collection activities, please contact Beth Grebeldinger, 202-377-4018.

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: Part 601 Preferred Lender Arrangements.
    OMB Control Number: 1845-0101.
    Type of Review: An extension of an existing information collection.
    Respondents/Affected Public: State, Local, and Tribal Governments; 
Individuals or Households; Private Sectors.
    Total Estimated Number of Annual Responses: 17,405,090.
    Total Estimated Number of Annual Burden Hours: 3,553,281.
    Abstract: Part 601--Institution and Lender Requirements Relating to 
Education Loans is a section of the regulations governing private 
education loans offered at covered institutions. These regulations 
assure the Secretary that the integrity of the program is protected 
from fraud and misuse of program funds and places requirements on 
institutions and lenders to ensure that borrowers receive additional 
disclosures about Title IV, HEA program assistance prior to obtaining a 
private education loan. The Department is submitting the unchanged 
Private Education Loan Applicant Self-Certification for OMB's continued 
approval. While information about the applicant's cost of attendance 
and estimated financial assistance must be provided to the student, if 
available, the student will provide the data to the private loan lender 
who must collect and maintain the self-certification form prior to 
disbursement of a Private Education Loan. The Department will not 
receive the Private Education Loan Applicant Self-Certification form 
and therefore will not be collecting and maintaining the form or its 
data.

    Dated: May 2, 2016.
Kate Mullan,
Acting Director, Information Collection Clearance Division, Office of 
the Chief Privacy Officer, Office of Management.
[FR Doc. 2016-10544 Filed 5-4-16; 8:45 am]
 BILLING CODE 4000-01-P