Agency Information Collection Activities; Comment Request; Perkins Discretionary Grant Performance Report, 67390-67391 [2015-27779]
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67390
Federal Register / Vol. 80, No. 211 / Monday, November 2, 2015 / Notices
are originated and administered by
participating institutions. Direct Loans,
Perkins Loans and FFELP loans are
made pursuant to Title IV of the Higher
Education Act of 1965, as amended
(HEA). The SAFRA Act enacted in 2010
ended new loan originations under the
FFELP program in 2010, but a
significant number of loans remain
outstanding. Private student loans are
made by depository and non-depository
financial institutions, states, institutions
of higher education, and other entities.
Private loans are not governed by the
Higher Education Act, but are subject to
other federal and state laws. All Federal
Direct Loans and some FFELP loans are
held by the Department of Education
and serviced pursuant to contracts with
loan servicers and collection
contractors. Servicing for Perkins Loans,
privately-held FFELP loans, and private
student loans is provided at the
direction of the current loan holder, and
servicing activities for Perkins and
FFELP loans are governed by rules and
regulations laid out by law and through
the U.S. Department of Education. The
economic incentives to provide
servicing that best serves borrowers’,
loan holders’, and taxpayers’ needs vary
across the different types of student
loans.
In addition, the respective loan types
come with varying levels of consumer
protections and special benefits. Direct
Loans, in general, offer borrowers more
protections than private or FFELP loans.
Borrowers with FFELP loans continue to
consolidate into the Direct Loan
program to access certain protections
and benefits including the Public
Service Loan Forgiveness Program, the
nonaccrual of interest for
servicemembers serving in areas of
hostilities, and certain income-driven
repayment plans. For federal loans,
pursuant to provisions in the HEA,
institutions of higher education are
required to provide certain disclosures
to borrowers that provide them with
clear and helpful information about
their loans and repayment options as
part of schools’ statutorily required
entrance and exit counseling duties.
The Departments and the Bureau
intend to work closely with one another,
consistent with their respective
authorities, to strengthen servicing
protections for student loan borrowers,
and will seek to ensure that student loan
servicing is, where appropriate:
• Consistent. Student loan borrowers
and servicers alike would benefit from
a clear set of expectations for what
constitutes minimum requirements for
services provided by student loan
servicers and servicer communications
with borrowers, including adequate and
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timely customer service. Student loan
borrowers should expect effective
student loan servicing, including, but
not limited to, conduct related to
payment processing, servicing transfers,
customer requests for information, error
resolution, and disclosure of borrower
repayment options and benefits. Such
conduct should account for and
recognize variations in loan features,
terms, and borrower protections.
• Accurate and Actionable. Student
loan borrowers often depend on
servicers to provide basic information
about account features, borrower
protections, and loan terms. It is critical
that information provided to borrowers
by student loan servicers be accurate
and actionable. Information, including
explanation and instructions regarding
borrowers’ loans and repayment
options, should be presented in a
manner that best informs borrowers,
helps them achieve positive outcomes,
and mitigates the risk and costs of
default.
• Accountable. Student loan
servicers, whether for-profit, not-forprofit or government agencies, should
be accountable for serving borrowers
fairly, efficiently and effectively. If
servicers fall short and violate federal or
state consumer financial laws, the HEA,
contractual requirements, or federal
regulations, borrowers, federal and state
agencies and regulators, and law
enforcement officials should have
access to appropriate channels for
recourse, as authorized under law.
• Transparent. The public, including
student loan borrowers, may benefit
from information about the performance
of private and federal student loans and
the practices of individual student loan
lenders and servicers, including
information related to loan origination,
loan terms and conditions, borrower
characteristics, portfolio composition,
delinquency and default, payment plan
enrollment, utilization of forbearance
and deferment, the administration of
borrower benefits and protections, and
the handling of borrower complaints.
The federal government already makes
much of this information available for
federal student loans, and private-sector
lenders and servicers should follow suit.
Portfolio performance data, including
data at the individual servicer level,
should be available for all types of
student loans.
2. Regulatory Requirements
This Policy Guidance is a non-binding
general statement of policy. It does not
establish any binding legal
requirements. It is therefore exempt
from notice and comment rulemaking
requirements under the Administrative
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Fmt 4703
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Procedure Act pursuant to 5 U.S.C.
553(b). Because no notice of proposed
rulemaking is required, the Regulatory
Flexibility Act does not require an
initial or final regulatory flexibility
analysis. 5 U.S.C. 603(a), 604(a). The
Bureau has determined that this Policy
Guidance does not impose any new or
revise any existing recordkeeping,
reporting, or disclosure requirements on
covered entities or members of the
public that would be collections of
information requiring OMB approval
under the Paperwork Reduction Act, 44
U.S.C. 3501, et seq.
Dated: October 27, 2015.
Christopher D’Angelo,
Chief of Staff, Bureau of Consumer Financial
Protection.
[FR Doc. 2015–27775 Filed 10–30–15; 8:45 am]
BILLING CODE 4810–AM–P
DEPARTMENT OF EDUCATION
[Docket No.: ED–2015–ICCD–0128]
Agency Information Collection
Activities; Comment Request; Perkins
Discretionary Grant Performance
Report
Department of Education (ED),
Office of Career, Technical and Adult
Education (OCTAE).
ACTION: Notice.
AGENCY:
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 January
4, 2016.
ADDRESSES: To access and review all the
documents related to the information
collection listed in this notice, please
use https://www.regulations.gov by
searching the Docket ID number ED–
2015–ICCD–0128. Comments submitted
in response to this notice should be
submitted electronically through the
Federal eRulemaking Portal at https://
www.regulations.gov by selecting the
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
2E115, Washington, DC 20202–4537.
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02NON1
Federal Register / Vol. 80, No. 211 / Monday, November 2, 2015 / Notices
For
specific questions related to collection
activities, please contact Laura
Messenger, (202) 245–7840.
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: Perkins
Discretionary Grant Performance Report.
OMB Control Number: 1830–0574.
Type of Review: An extension of an
existing information collection.
Respondents/Affected Public: State,
Local and Tribal Governments.
Total Estimated Number of Annual
Responses: 88.
Total Estimated Number of Annual
Burden Hours: 156.
Abstract: The Perkins Discretionary
Grant Performance Report form and
instructions will be used by grantees to
meet Department of Education deadline
dates for submission of performance and
financial reports for the Office of Career,
Technical and Adult Education
(OCTAE) Division of Academic and
Technical Education (DATE)
discretionary grant programs, as
required by the Education Department
General Administrative Regulations
(EDGAR 34 CFR 74.51, 74.52, 75.118,
75.253, 75.590, and 80.40). The Perkins
Discretionary Grant Performance Report
will be used by OCTAE discretionary
grant recipients in lieu of the ED 524B
asabaliauskas on DSK5VPTVN1PROD with NOTICES
FOR FURTHER INFORMATION CONTACT:
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18:55 Oct 30, 2015
Jkt 238001
Grant Performance Report and
instructions because the ED 524B is not
compatible with OCTAE–DATE(TM)s
new Perkins Information Management
System. Recipients of multi-year
discretionary grants must submit
interim performance reports, usually
annually, for each year funding has been
approved in order to receive a
continuation award. The annual
performance report should demonstrate
whether substantial progress has been
made toward meeting the approved
goals and objectives of the project.
OCTAE also requires recipients of
‘forward funded’ grants that are
awarded funds for their entire multiyear project up-front in a single grant
award to submit an annual performance
report. The Perkins Discretionary Grant
Performance Report will be used for
interim and final performance reporting.
In both the annual and final
performance reports, grantees are
required to provide data on established
performance measures for the grant
program (e.g., Government Performance
and Results Act measures) and on
project performance measures that were
included in the grantee(TM)s approved
grant application, in order to
demonstrate project success, impact and
outcomes. The Perkins Discretionary
Grant Performance Report form will also
be used by grant recipients for other
interim reporting such as quarterly or
semi-annual performance and/or
financial reporting.
Dated: October 27, 2015.
Tomakie Washington,
Acting Director, Information Collection
Clearance Division, Office of the Chief Privacy
Officer, Office of Management.
[FR Doc. 2015–27779 Filed 10–30–15; 8:45 am]
BILLING CODE 4000–01–P
DEPARTMENT OF EDUCATION
[Docket No.: ED–2015–ICCD–0127]
Agency Information Collection
Activities; Comment Request;
Mathematics and Science Partnerships
Program
Office of Elementary and
Secondary Education (OESE),
Department of Education (ED).
ACTION: Notice.
AGENCY:
SUMMARY: In accordance with the
Paperwork Reduction Act of 1995 (44
U.S.C. chapter 3501 et seq.), ED is
proposing a revision of an existing
information collection.
DATES: Interested persons are invited to
submit comments on or before January
4, 2016.
PO 00000
Frm 00010
Fmt 4703
Sfmt 4703
67391
To access and review all the
documents related to the information
collection listed in this notice, please
use https://www.regulations.gov by
searching the Docket ID number ED–
2015–ICCD–0127. Comments submitted
in response to this notice should be
submitted electronically through the
Federal eRulemaking Portal at https://
www.regulations.gov by selecting the
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
2E115, Washington, DC 20202–4537.
FOR FURTHER INFORMATION CONTACT: For
specific questions related to collection
activities, please contact Inas El-Sabban,
(202) 205–3810.
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: Mathematics and
Science Partnerships Program.
OMB Control Number: 1810–0669.
Type of Review: A revision of an
existing information collection.
ADDRESSES:
E:\FR\FM\02NON1.SGM
02NON1
Agencies
[Federal Register Volume 80, Number 211 (Monday, November 2, 2015)]
[Notices]
[Pages 67390-67391]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-27779]
=======================================================================
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DEPARTMENT OF EDUCATION
[Docket No.: ED-2015-ICCD-0128]
Agency Information Collection Activities; Comment Request;
Perkins Discretionary Grant Performance Report
AGENCY: Department of Education (ED), Office of Career, Technical and
Adult Education (OCTAE).
ACTION: Notice.
-----------------------------------------------------------------------
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
January 4, 2016.
ADDRESSES: To access and review all the documents related to the
information collection listed in this notice, please use https://www.regulations.gov by searching the Docket ID number ED-2015-ICCD-
0128. Comments submitted in response to this notice should be submitted
electronically through the Federal eRulemaking Portal at https://www.regulations.gov by selecting the 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 2E115,
Washington, DC 20202-4537.
[[Page 67391]]
FOR FURTHER INFORMATION CONTACT: For specific questions related to
collection activities, please contact Laura Messenger, (202) 245-7840.
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: Perkins Discretionary Grant Performance
Report.
OMB Control Number: 1830-0574.
Type of Review: An extension of an existing information collection.
Respondents/Affected Public: State, Local and Tribal Governments.
Total Estimated Number of Annual Responses: 88.
Total Estimated Number of Annual Burden Hours: 156.
Abstract: The Perkins Discretionary Grant Performance Report form
and instructions will be used by grantees to meet Department of
Education deadline dates for submission of performance and financial
reports for the Office of Career, Technical and Adult Education (OCTAE)
Division of Academic and Technical Education (DATE) discretionary grant
programs, as required by the Education Department General
Administrative Regulations (EDGAR 34 CFR 74.51, 74.52, 75.118, 75.253,
75.590, and 80.40). The Perkins Discretionary Grant Performance Report
will be used by OCTAE discretionary grant recipients in lieu of the ED
524B Grant Performance Report and instructions because the ED 524B is
not compatible with OCTAE-DATE(TM)s new Perkins Information Management
System. Recipients of multi-year discretionary grants must submit
interim performance reports, usually annually, for each year funding
has been approved in order to receive a continuation award. The annual
performance report should demonstrate whether substantial progress has
been made toward meeting the approved goals and objectives of the
project. OCTAE also requires recipients of `forward funded' grants that
are awarded funds for their entire multi-year project up-front in a
single grant award to submit an annual performance report. The Perkins
Discretionary Grant Performance Report will be used for interim and
final performance reporting. In both the annual and final performance
reports, grantees are required to provide data on established
performance measures for the grant program (e.g., Government
Performance and Results Act measures) and on project performance
measures that were included in the grantee(TM)s approved grant
application, in order to demonstrate project success, impact and
outcomes. The Perkins Discretionary Grant Performance Report form will
also be used by grant recipients for other interim reporting such as
quarterly or semi-annual performance and/or financial reporting.
Dated: October 27, 2015.
Tomakie Washington,
Acting Director, Information Collection Clearance Division, Office of
the Chief Privacy Officer, Office of Management.
[FR Doc. 2015-27779 Filed 10-30-15; 8:45 am]
BILLING CODE 4000-01-P