Approved as
amended by ED's memoranda to OMB of 6/6/94, 6/21/94, and 6/30/94.
Approval is granted for monthly reporting of loan data, whic will
reduce reporting burden by more than two-thirds from ED's initial
proposal to require weekly reporting. As ED has indicated, the net
change in reporting due to implementation of NSLDS and
corresponding phase-out of existing loan program reporting
requirements will be a reduction estimated at 2.93 million hours
per year. -- Approval is granted to proceed with data collection,
maintenance an use for all three phases of NSLDS. ED shall
implement Phases II and I as quickly as possible. ED shall also
develop capability among progra offices to access the NSLDS through
ad-hoc queries, specifically to allow the Budget Service access to
Credit Reform Act data. -- ED's System of Records notice for the
NSLDS is still under review. Full implementation of the system is
conditional on approval of this notice, which will ensure
appropriate Privacy Act protections. -- ED shall provide occasional
updates to OMB regarding implementation including the changing
system environment at respondent institutions. -- ED shall continue
work to develop appropriate common identifiers wi other data bases
to allow for information sharing and linkages, including IPEDS and
the Pell Grant system, given proper protections an notices as
required by the Privacy and Computer Matching Acts.
Inventory as of this Action
Requested
Previously Approved
04/30/1997
04/30/1997
36,552
0
0
292,416
0
0
0
0
0
THE DEPARTMENT OF EDUCATION WILL
COLLECT DATA FROM POSTSECONDARY SCHOO AND GUARANTY AGENCIES ABOUT
PERKINS LOANS AND FEDERAL FAMILY EDUCATION LOANS TO BE USED TO
DETERMINE ELIGIBILITY FOR STUDENT FINANCIAL ASSISTANCE AND FOR
RESEARCH.
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.