Agency Information Collection Activities; Comment Request; 2023-24 National Postsecondary Student Aid Study (NPSAS:24) Field Test-Student Data Collection and Student Records, 58492-58493 [2022-20839]

Download as PDF 58492 Federal Register / Vol. 87, No. 186 / Tuesday, September 27, 2022 / Notices jspears on DSK121TN23PROD with NOTICES 7. Under what market conditions should an auto-refi mortgage automatically refinance? 30 8. Under what market conditions should the rate of a one-way ARM change? 9. Should these conditions be regulated or left to market forces? 10. Do any market factors or practical difficulties, including secondary market liquidity and mortgage-backed securities (MBS) investor interest, preclude the development of auto-refi mortgages or one-way ARMs? How would these or similar products impact the MBS market? 11. Should the Bureau amend the ATR–QM rule or other regulations to permit or encourage creditors to offer auto-refi mortgages or one-way ARMs? If so, how? 12. Are there any other new products that creditors could feasibly develop that would allow more borrowers to receive the benefits of reduced mortgage interest rates? 13. Would these products be prohibited or discouraged by existing regulations promulgated by the Bureau? 14. Should the Bureau (or other Federal regulators) amend regulations to permit or encourage the development of these products? 15. Are there other legal impediments or policies that may deter the introduction of auto-refi mortgages, oneway ARMs, or other new products that could facilitate beneficial refinances? Forbearances and Other Loss Mitigation 1. What are the benefits and drawbacks of automating and streamlining short and long-term loss mitigation offers? 2. If such automation and streamlining of loss mitigation offers is incorporated within new mortgage products: a. How should such products be structured? b. How and where should such features be established (e.g., the note, contracts between investors and servicers, or regulations created or amended by the Bureau or other Federal regulators)? 3. Under what circumstances should short or long term loss mitigation solutions be offered automatically? For example, should forbearance be offered automatically upon the declaration of a national emergency or presidentially declared disaster, when unemployment rates in the consumer’s locality reach a 30 For example, one researcher’s proposed autorefi mortgage product would automatically refinance when a 0.50 percent interest rate reduction and 7.5 percent payment reduction can be achieved. See Bhagat, supra, at 14. VerDate Sep<11>2014 17:51 Sep 26, 2022 Jkt 256001 certain level, when a borrower loses their job, when a co-borrower on the loan dies, or under other circumstances? What factors should be considered regarding these circumstances? Should any documentation from the consumer be required in any of these circumstances? 4. For short-term loss mitigation solutions, such as forbearance, to what extent is there tension between the goal of offering meaningful immediate payment relief and the goal of ensuring that the balance owed does not grow so large as to make long-term loss mitigation solutions difficult to achieve? Should there be a maximum length of a short-term loss mitigation solution and, if so, what is the appropriate maximum length? 5. What impact would the Bureau’s mortgage servicing regulations, such as those relating to communications with delinquent borrowers, the Bureau’s regulatory definition of delinquency, and the loss mitigation process in general, have on automating and streamlining short and long-term loss mitigation offers? 6. What changes, if any, should be considered relating to the impact that forbearances and other short-term loss mitigation solutions would have on a consumer’s credit reporting? 7. Should standards be set to ensure affordability of long-term loss mitigation solutions? If so, what features of a longterm loss mitigation solution would best help ensure long-term affordability? For example, would term extension, limits on monthly payment increases, or principal forgiveness assist with the goal of long-term affordability? 8. When considering the potential automation and streamlining of short and long-term loss mitigation offers, would there be advantages or drawbacks if more creditors retained servicing of the mortgage loans they originate? Do payment relief advantages exist when an original creditor retains servicing of a mortgage loan? If so, should the Bureau consider ways to encourage originators to retain the servicing of mortgage loans? 9. When considering the potential automation and streamlining of short and long-term loss mitigation offers, are there particular issues or would any particular approaches be more effective for certain types of homeowners, such as servicemembers, older adults, and first-time homeowners? 10. Other than the mortgage products already mentioned in this RFI, are there other mortgage products or features of mortgage products that could help borrowers weather various financial shocks? What are the advantages or PO 00000 Frm 00020 Fmt 4703 Sfmt 4703 drawbacks of these mortgage products or features of mortgage products? 11. Are there other options not mentioned in this RFI that could help achieve the goal of reducing risk for homeowners who are facing financial hardship? If so, what are those options? Rohit Chopra, Director, Consumer Financial Protection Bureau. [FR Doc. 2022–20898 Filed 9–26–22; 8:45 am] BILLING CODE 4810–AM–P DEPARTMENT OF EDUCATION [Docket No.: ED–2022–SCC–0119] Agency Information Collection Activities; Comment Request; 2023–24 National Postsecondary Student Aid Study (NPSAS:24) Field Test—Student Data Collection and Student Records Institute of Education Sciences (IES), Department of Education (ED). ACTION: Notice. AGENCY: In accordance with the Paperwork Reduction Act of 1995, ED is proposing a revision of a currently approved information collection. DATES: Interested persons are invited to submit comments on or before November 28, 2022. 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– 2022–SCC–0119. 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. If the regulations.gov site is not available to the public for any reason, ED will temporarily accept comments at ICDocketMgr@ed.gov. Please include the docket ID number and the title of the information collection request when requesting documents or submitting comments. 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 Strategic Collections and Clearance Governance and Strategy Division, U.S. Department of Education, 400 Maryland Ave. SW, LBJ, Room 6W203, Washington, DC 20202–8240. FOR FURTHER INFORMATION CONTACT: For specific questions related to collection SUMMARY: E:\FR\FM\27SEN1.SGM 27SEN1 jspears on DSK121TN23PROD with NOTICES Federal Register / Vol. 87, No. 186 / Tuesday, September 27, 2022 / Notices activities, please contact Carrie Clarady, (202) 245–6347. SUPPLEMENTARY INFORMATION: The Department, 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 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: 2023–24 National Postsecondary Student Aid Study (NPSAS:24) Field Test—Student Data Collection and Student Records. OMB Control Number: 1850–0666. Type of Review: Revision of a currently approved information collection. Respondents/Affected Public: Individuals or Households. Total Estimated Number of Annual Responses: 6,240. Total Estimated Number of Annual Burden Hours: 8,550. Abstract: This request is to conduct the 2023–24 National Postsecondary Student Aid Study Field Test (NPSAS:24 FT) student data collection, consisting of a student record data abstraction and a student survey, carrying over the approved NPSAS:24 FT Institution Collection (OMB #1859– 0666 v. 33). This study is being conducted by the National Center for Education Statistics (NCES), within the Institute of Education Sciences (IES), part of the U.S. Department of Education. This submission covers materials and procedures related to the NPSAS:24 student data collection, which includes VerDate Sep<11>2014 17:51 Sep 26, 2022 Jkt 256001 abstraction of student data from institutions and a student survey, administered primarily as a web survey, and carries over respondent burden, procedures, and materials related to the NPSAS:24 FT institution sampling, enrollment list collection, and matching to administrative data files as approved by OMB in September 2022 (OMB #1859–0666 v. 33). The materials and procedures are based on those developed for previous institution-based data collections, including the 2019–20 National Postsecondary Student Aid Study (NPSAS:20) [OMB #1850–0666 v. 25]. The first NPSAS was implemented by NCES during the 1986–87 academic year to meet the need for national data about significant financial aid issues. Since 1987, NPSAS has been fielded every 2 to 4 years, most recently during the 2019–20 academic year (NPSAS:20). NPSAS:24 will be nationallyrepresentative. The NPSAS:24 field test sample size will be 6,000 students, and the full-scale sample will include 137,000 nationally representative undergraduate and 25,000 nationally representative graduate students who will be asked to complete a survey and for whom we will collect student records and administrative data. If the full-scale budget allows, we will include state-representative sampling for the full-scale collection and provide the budget for a state-representative sampling plan in the 30-day full-scale package, planned for 2023. Also, if exercised, NPSAS:24 will serve as the base year for the 2024 cohort of the Baccalaureate and Beyond (B&B) Longitudinal Study and will include a nationally representative sample of students who will complete requirements for the bachelor’s degree during the NPSAS year (i.e., completed at some point between July 1, 2022, and June 30, 2023 for the field test and July 1, 2023 to June 30, 2024 for the fullscale). Subsets of questions in the student survey will focus on describing aspects of the experience of students in their last year of postsecondary education, including student debt and education experiences. This submission is designed to adequately justify the need for and overall practical utility of the full study, presenting the overarching plan for all phases of the student data collection and providing as much detail about the measures to be used as is available at the time of this submission. As part of this submission, NCES is publishing a notice in the Federal Register allowing first a 60- and then a 30-day public comment period. Field test materials, procedures, and results PO 00000 Frm 00021 Fmt 4703 Sfmt 4703 58493 will inform the full-scale study. After completion of this field test, NCES will publish a notice in the Federal Register allowing additional 30-day public comment period on the final details of the NPSAS:24 full-scale student records and student survey data collections. Dated: September 21, 2022. Stephanie Valentine, PRA Coordinator, Strategic Collections and Clearance, Governance and Strategy Division, Office of Chief Data Officer, Office of Planning, Evaluation and Policy Development. [FR Doc. 2022–20839 Filed 9–26–22; 8:45 am] BILLING CODE 4000–01–P DEPARTMENT OF EDUCATION [Docket No.: ED–2022–SCC–0120] Agency Information Collection Activities; Comment Request; Common Core of Data (CCD) SchoolLevel Finance Survey (SLFS) 2022– 2024 Institute of Education Sciences (IES), Department of Education (ED). ACTION: Notice. AGENCY: In accordance with the Paperwork Reduction Act of 1995, ED is proposing a revision of a currently approved information collection. DATES: Interested persons are invited to submit comments on or before November 28, 2022. 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– 2022–SCC–0120. 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. If the regulations.gov site is not available to the public for any reason, ED will temporarily accept comments at ICDocketMgr@ed.gov. Please include the docket ID number and the title of the information collection request when requesting documents or submitting comments. 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 Strategic Collections and Clearance, Governance and Strategy Division, U.S. Department of Education, 400 Maryland Ave. SW, SUMMARY: E:\FR\FM\27SEN1.SGM 27SEN1

Agencies

[Federal Register Volume 87, Number 186 (Tuesday, September 27, 2022)]
[Notices]
[Pages 58492-58493]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-20839]


=======================================================================
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DEPARTMENT OF EDUCATION

[Docket No.: ED-2022-SCC-0119]


Agency Information Collection Activities; Comment Request; 2023-
24 National Postsecondary Student Aid Study (NPSAS:24) Field Test--
Student Data Collection and Student Records

AGENCY: Institute of Education Sciences (IES), Department of Education 
(ED).

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: In accordance with the Paperwork Reduction Act of 1995, ED is 
proposing a revision of a currently approved information collection.

DATES: Interested persons are invited to submit comments on or before 
November 28, 2022.

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-2022-SCC-0119. 
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. If the regulations.gov 
site is not available to the public for any reason, ED will temporarily 
accept comments at [email protected]. Please include the docket ID 
number and the title of the information collection request when 
requesting documents or submitting comments. 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 Strategic Collections and Clearance Governance and Strategy 
Division, U.S. Department of Education, 400 Maryland Ave. SW, LBJ, Room 
6W203, Washington, DC 20202-8240.

FOR FURTHER INFORMATION CONTACT: For specific questions related to 
collection

[[Page 58493]]

activities, please contact Carrie Clarady, (202) 245-6347.

SUPPLEMENTARY INFORMATION: The Department, 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 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: 2023-24 National Postsecondary Student Aid 
Study (NPSAS:24) Field Test--Student Data Collection and Student 
Records.
    OMB Control Number: 1850-0666.
    Type of Review: Revision of a currently approved information 
collection.
    Respondents/Affected Public: Individuals or Households.
    Total Estimated Number of Annual Responses: 6,240.
    Total Estimated Number of Annual Burden Hours: 8,550.
    Abstract: This request is to conduct the 2023-24 National 
Postsecondary Student Aid Study Field Test (NPSAS:24 FT) student data 
collection, consisting of a student record data abstraction and a 
student survey, carrying over the approved NPSAS:24 FT Institution 
Collection (OMB #1859-0666 v. 33). This study is being conducted by the 
National Center for Education Statistics (NCES), within the Institute 
of Education Sciences (IES), part of the U.S. Department of Education.
    This submission covers materials and procedures related to the 
NPSAS:24 student data collection, which includes abstraction of student 
data from institutions and a student survey, administered primarily as 
a web survey, and carries over respondent burden, procedures, and 
materials related to the NPSAS:24 FT institution sampling, enrollment 
list collection, and matching to administrative data files as approved 
by OMB in September 2022 (OMB #1859-0666 v. 33). The materials and 
procedures are based on those developed for previous institution-based 
data collections, including the 2019-20 National Postsecondary Student 
Aid Study (NPSAS:20) [OMB #1850-0666 v. 25].
    The first NPSAS was implemented by NCES during the 1986-87 academic 
year to meet the need for national data about significant financial aid 
issues. Since 1987, NPSAS has been fielded every 2 to 4 years, most 
recently during the 2019-20 academic year (NPSAS:20). NPSAS:24 will be 
nationally- representative. The NPSAS:24 field test sample size will be 
6,000 students, and the full-scale sample will include 137,000 
nationally representative undergraduate and 25,000 nationally 
representative graduate students who will be asked to complete a survey 
and for whom we will collect student records and administrative data. 
If the full-scale budget allows, we will include state-representative 
sampling for the full-scale collection and provide the budget for a 
state-representative sampling plan in the 30-day full-scale package, 
planned for 2023. Also, if exercised, NPSAS:24 will serve as the base 
year for the 2024 cohort of the Baccalaureate and Beyond (B&B) 
Longitudinal Study and will include a nationally representative sample 
of students who will complete requirements for the bachelor's degree 
during the NPSAS year (i.e., completed at some point between July 1, 
2022, and June 30, 2023 for the field test and July 1, 2023 to June 30, 
2024 for the full-scale). Subsets of questions in the student survey 
will focus on describing aspects of the experience of students in their 
last year of postsecondary education, including student debt and 
education experiences. This submission is designed to adequately 
justify the need for and overall practical utility of the full study, 
presenting the overarching plan for all phases of the student data 
collection and providing as much detail about the measures to be used 
as is available at the time of this submission.
    As part of this submission, NCES is publishing a notice in the 
Federal Register allowing first a 60- and then a 30-day public comment 
period. Field test materials, procedures, and results will inform the 
full-scale study. After completion of this field test, NCES will 
publish a notice in the Federal Register allowing additional 30-day 
public comment period on the final details of the NPSAS:24 full-scale 
student records and student survey data collections.

    Dated: September 21, 2022.
Stephanie Valentine,
PRA Coordinator, Strategic Collections and Clearance, Governance and 
Strategy Division, Office of Chief Data Officer, Office of Planning, 
Evaluation and Policy Development.
[FR Doc. 2022-20839 Filed 9-26-22; 8:45 am]
BILLING CODE 4000-01-P
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