[Federal Register Volume 89, Number 181 (Wednesday, September 18, 2024)]
[Notices]
[Page 76464]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-21147]


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DEPARTMENT OF EDUCATION

[Docket No.: ED-2024-SCC-0113]


Agency Information Collection Activities; Comment Request; 
Student Assistance General Provisions--Subpart K--Cash Management

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

ACTION: Notice.

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SUMMARY: In accordance with the Paperwork Reduction Act (PRA) of 1995, 
the Department is proposing an extension of a currently approved 
information collection request (ICR).

DATES: Interested persons are invited to submit comments on or before 
November 18, 2024.

ADDRESSES: To access and review all the documents related to the 
information collection listed in this notice, please use http://www.regulations.gov by searching the Docket ID number ED-2024-SCC-0113. 
Comments submitted in response to this notice should be submitted 
electronically through the Federal eRulemaking Portal at http://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, the Department will 
temporarily accept comments at <a href="/cdn-cgi/l/email-protection#622b21260d010907162f05102207064c050d14"><span class="__cf_email__" data-cfemail="0a43494e6569616f7e476d784a6f6e246d657c">[email protected]</span></a>. 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 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 Manager of the Strategic 
Collections and Clearance Governance and Strategy Division, U.S. 
Department of Education, 400 Maryland Ave SW, LBJ, Room 4C210, 
Washington, DC 20202-1200.

FOR FURTHER INFORMATION CONTACT: For specific questions related to 
collection activities, please contact Beth Grebeldinger, (202) 570-
8414.

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. The Department 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: Student Assistance General Provisions--Subpart 
K--Cash Management.
    OMB Control Number: 1845-0106.
    Type of Review: Extension without change of a currently approved 
ICR.
    Respondents/Affected Public: State, Local, and Tribal Governments; 
Individuals or Households; Private Sector.
    Total Estimated Number of Annual Responses: 2,503,922.
    Total Estimated Number of Annual Burden Hours: 764,450.
    Abstract: The Department of Education (the Department) amended the 
Student Assistance General Provisions regulations issued under the 
Higher Education Act of 1965, as amended (HEA), to implement the 
changes made to the Student Assistance General Provisions regulations 
Subpart K Cash Management 668.164 Disbursing funds. These regulations 
are intended to ensure students and parents have convenient access to 
their Title IV, HEA program funds, do not incur unreasonable and 
uncommon financial account fees on these title IV funds and are not led 
to believe that they must open a particular financial account to 
receive their federal student aid. This request is for an extension of 
the information collection for the requirements that are contained in 
the regulations 668.164 Disbursing funds. The regulations require that 
an institution that makes direct payments to a student or parent by 
electronic funds transfer (EFT) and that chooses to enter into an 
arrangement described in 668.164(e) or (f), including an institution 
that uses a third-party servicer to make those payments, must establish 
a selection process under which the student chooses one of several 
options for receiving those Title IV, HEA fund payments. There has been 
no change to the regulations.

    Dated: September 12, 2024.
Kun Mullan,
PRA Coordinator, Strategic Collections and Clearance, Governance and 
Strategy Division, Office of Chief Data Officer, Office of Planning, 
Evaluation and Policy Development.
[FR Doc. 2024-21147 Filed 9-17-24; 8:45 am]
BILLING CODE 4000-01-P


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