[Federal Register Volume 89, Number 187 (Thursday, September 26, 2024)]
[Notices]
[Pages 78851-78852]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-22109]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF EDUCATION

[Docket No.: ED-2024-SCC-0118]


Agency Information Collection Activities; Comment Request; Multi-
Purpose Financial Information Statement

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

ACTION: Notice.

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

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

DATES: Interested persons are invited to submit comments on or before 
November 25, 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-0118. 
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#115852557e727a74655c76635174753f767e67"><span class="__cf_email__" data-cfemail="571e141338343c32231a302517323379303821">[email protected]</span></a>.

[[Page 78852]]

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: Multi-purpose Financial Information Statement.
    OMB Control Number: 1845-NEW.
    Type of Review: A new ICR.
    Respondents/Affected Public: Individuals and Households.
    Total Estimated Number of Annual Responses: 415,542.
    Total Estimated Number of Annual Burden Hours: 261,791.
    Abstract: This is a request for a new collection. The information 
collected through this new form will support both involuntary 
collection and voluntary resolution of defaulted Federal student loans 
in the following categories: Involuntary collection where the 
Department of Education (ED) and guaranty agencies utilize two methods 
to involuntarily collect defaulted student loans: the Treasury Offset 
Program (TOP) and Administrative Wage Garnishment (AWG). And voluntary 
resolution: defaulted borrowers can resolve their loan balance by 
making voluntary payments or through the loan rehabilitation program 
authorized by the Higher Education Act of 1965, as amended, and 
described in regulations at 34 CFR 682.405(b)(1)(iii) and 34 CFR 
685.211(f). ED will use the new form in place of the existing Loan 
Rehabilitation: Income and Expense Information form (OMB No. 1845-0120) 
and will allow schools and guaranty agencies to use the new form for 
the same purposes for which ED will use it. Note that guaranty agencies 
may continue to use the current form in lieu of the new form if they 
choose.

    Dated: September 23, 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. 2024-22109 Filed 9-25-24; 8:45 am]
BILLING CODE 4000-01-P


</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>