ICRAS 1464 1845 - 0100 v2

– Affected Public - In dividuals 1/31/2013

This is a request for the renewal of the OMB approval for the recordkeeping requirements contained in 34 CFR 674.53, 674.56, 674.57, 674.58 and 674.59. The information collections in these regulations are necessary to determine Federal Perkins Loan (Perki ns L oan) Program borrower’s eligibility

to receive program benefits and to prevent fraud and abuse of program funds. Section 674.53

– Teacher cancellation

– Federal Perkins, NDSL, and Defense loans. This regulation identifies the requirements for teachers to qualify for cancellation benefits while performing: full - time teaching in an elementary or secondary

school serving low - income students; full - time teaching in special education or full - time teaching in fields of expertise as identified in regulation. We estimate that there are 4,808 borrowers eligible for this cancellation. We estimate the burden on each borrower for submission of documentation to obtain this cancellation will take .5 hours per borrower. 4,808 X .5 hours (30 minutes) = 2,404 hours Secti on 674.56

– Employment cancellation

– Federal Perkins, NDSL, and Defense loans. This regulation identifies the categories of service for borrowers to qualify for cancellation benefits including: full - time employ ment as a nurse or medical technician; full - t ime employ ment in a public or private nonprofit child or famil y service agency; service as a qualified professional provider of earl y intervention services; full - time employ ment as a firefighter to a local, State, or Federal fire department or fire distric t; full - time employ ment as a facult y member at a Tribal College or Universit y; full - time employ ment as a librarian with a master’s degree; or full - time employ ment as a speech pathologist with a master’s degree. We estimate that there are 7,216 borrowers el ig ible for this cancellation. We estimate the burden on each borrower for submission of documentation to obtain this cancellation will take .5 hours per borrower. 7,216 X .5 hours (30 minutes = 3,608 hours Section 674.57

– Cancellation for law enforcement or corrections officer service

– Federal Perkins, NDSL , and Defense loans. This regulation identifies the requirements for law enforcement or corrections officers to qualify for cancellation benefits for an eligible emplo yi ng agency as identified in regu lation. We estimate that there are 809 borrowers eligible for this cancellation. We estimate the burden on each borrower for submission of documentation to obtain this cancellation will take .5 hours per borrower. 809 X .5 hours (30 minutes) = 405 hours Section 674.58

– Cancellation for service in an early childhood education program.ICRAS 1464 1845 - 0100 v2

– Affected Public - In dividuals 1/31/2013

This regulation identifies the requirements for staff members in a Head Start program to qualify for cancellation benefits as identified in regulation. We estimate that there are 5,561 borrowers eligible for this cancellation. We estimate the burden on each borrower for submission of documentation to obtain this cancellation will take .5 hours per borrower. 5,561 X .5 hours (30 minutes) = 2,781 hours Section 674.59

– Cancellation for military service. This regulation identifies the requirements for borrowers who are members of the U.S. Arm y, Nav y, Air Force, Marine Corps, or Coast Guard to qualify for cancellation benefits as identified in regulation. We estimate that ov er a five year period of submission required to receive 100% cancellation that there will be 43,117 borrowers eligible for this cancellation. We estimate the burden on each borrower for submission of documentation to obtain this cancellation will take .5 hours per borrower. 43,117 X .5 hours (30 minutes) = 21,559 hours TOTAL S Responses 61,511 Respondents 61,511 Burden Hours 30,756