[Federal Register Volume 78, Number 135 (Monday, July 15, 2013)]
[Pages 42056-42057]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-16800]



[Docket No.: ED-2013-ICCD-0064]

Agency Information Collection Activities; Submission to the 
Office of Management and Budget for Review and Approval; Comment 
Request; Guaranty Agency Financial Report

AGENCY: Federal Student Aid (FSA), Department of Education (ED).

ACTION: Notice.


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

DATES: Interested persons are invited to submit comments on or before 
August 14, 2013.

ADDRESSES: Comments submitted in response to this notice should be 
submitted electronically through the Federal eRulemaking Portal at 
http://www.regulations.gov by selecting Docket ID number ED-2013-ICCD-
0064, 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, 
Washington, DC 20202-4537.

[email protected]. Please do not send comments here.

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: Guaranty Agency Financial Report.
    OMB Control Number: 1845-0026.
    Type of Review: Extension without change of an existing collection 
of information.

[[Page 42057]]

    Respondents/Affected Public: State, Local, or Tribal Governments.
    Total Estimated Number of Annual Responses: 744.
    Total Estimated Number of Annual Burden Hours: 40,920.
    Abstract: The Guaranty Agency Financial Report (GAFR), ED Form 
2000, is used by the thirty-one (31) guaranty agencies under the 
Federal Family Education Loan (FFEL) program, authorized by Title IV, 
Part B of the Higher Education Act of 1965, as amended. Guaranty 
agencies use the Guaranty Agency Financial Report to: (1) Request 
reinsurance from the Department of Education; (2) request payment on 
death, disability, closed school, and false certification claims paid 
to lenders; (3) remit refunds to the Department for rehabilitated loans 
and consolidation loans; (4) remit to the Department default and wage 
garnishment collections. The Department of Education also uses report 
data to monitor the guaranty agency's financial activities (agency 
federal fund and agency operating fund) and each agency's federal 
receivable balance.

    Dated: July 9, 2013.
Stephanie Valentine,
Acting Director, Information Collection Clearance Division, Privacy, 
Information and Records Management Services, Office of Management.
[FR Doc. 2013-16800 Filed 7-12-13; 8:45 am]