PERKINS LOAN (FORMERLY NATIONAL DIRECT STUDENT LOAN), COLLEGE WORK-STUDY, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAMS (RECORDKEEPING/DISCLOSURE)

ICR 199011-1840-005

OMB: 1840-0535

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1840-0535 199011-1840-005
Historical Active 199005-1840-002
ED/OPE
PERKINS LOAN (FORMERLY NATIONAL DIRECT STUDENT LOAN), COLLEGE WORK-STUDY, SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAMS (RECORDKEEPING/DISCLOSURE)
Revision of a currently approved collection   No
Regular
Approved without change 01/15/1991
Retrieve Notice of Action (NOA) 11/16/1990
OMB approves this information collection request, under the condition that ED responds sufficiently to public comments received by OMB (attached) regarding paperwork provisions in the underlying propos rule. This response should be made in the analysis of comments sectio of the preamble to the campus-based final rule. ED should also seek n OMB clearance for any revised paperwork provisions. Specifically, ED should address the following public comments: o In 674.33(c)(2), ED should justify or revise the requirement that institutions may extend a borrower's repayment period only if that borrower meets the "low-income individual" definition. This requireme reduces the flexibility of institutions to use their discretion in extending repayment on a case-by-case basis. In addition, ED should state clearly, or justify otherwise, that once a borrower no longer qualifies for extended repayment due to low-income status, the origina length and monthly repayment schedule should be used (674.33(c)(2)(iv) o In 676.14, ED should justify or revise the level at which institutions must report overawards, proposed to change from $200 to $25, measuring expected budgetary savings against increased administrative complexity that could be introduced at the $25 level. should also consider whether the Federal share that triggers SEOG referrals must be determined by the institution, and whether S Pell Grant referrals may be made on the same form to re
  Inventory as of this Action Requested Previously Approved
12/31/1993 12/31/1993 07/31/1993
2,240 0 2,240
11,026 0 11,026
0 0 0

UNDER TH THREE CAMPUS-BASED PROGRAMS INSTITUTIONS OF HIGHER EDUCATION MAY RECEI FEDERAL FUNDS TO ASSIST STUDENTS WHO NEED THE MONEY TO PAY FOR THEIR EDUCATIONAL COST. THE REGULATIONS ESTABLISH PROPER ADMINISTRATIVE STANDARDS. INSTITUTIONS OF HIGHER EDUCATION ARE RESPONSIBLE FOR AWARDING THE FUNDS.

None
None


No

  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 2,240 2,240 0 0 0 0
Annual Time Burden (Hours) 11,026 11,026 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  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.
11/16/1990


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