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EDICS Collection Package Detail |
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(Tracking #:)OMBControl -version: (04046)1845-XXXA-v.1 |
| Principal Office: Federal Student Aid |
| Title: Part 601 Preferred Lender Arrangements * (JH) |
| Abstract: Part 601 - Institution and Lender Requirements Relating to Education Loans is a new section of the proposed regulations governing private education loans offered at covered institutions by lenders also participating in the FFEL program. These proposed 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 insure that borrowers receive additional disclosures about TitleIV, HEA program assistance prior to obtaininga private education loan. These proposed regulations require covered institutions to provide a variety of new loan disclosures, disclosures on private loans, for institutions to prepare and submit an annual report on the use of private loans, and to establish and adopt a code of conduct for institutions participation in a preferred lender arrangement. The Department, in conjunction with outside entitites are submitting the Private Education Loan Applicant Self-Certification form for OMB's 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. |
| Current Status: pending |
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Collection is under review by IMG
The 60-day Federal Register Notice was published: 10/02/2009 The 30-day Federal Register Notice has not been published yet See the attachments for this collection to download the notice. |
| Burden Hours: 3,197,761 |
| Annual Responses: 13,674,883 |
| Download Attachments |
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This list was generated on 11/23/09 at 19:03:37 Please send questions, comments, and suggestions to IC_DocketMgr@ed.gov |
