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[Federal Register Volume 89, Number 226 (Friday, November 22, 2024)]
[Notices]
[Page 92670]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-27418]

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DEPARTMENT OF EDUCATION

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

Agency Information Collection Activities; Submission to the 
Office of Management and Budget for Review and Approval; 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 without change of a currently 
approved information collection request (ICR).

DATES: Interested persons are invited to submit comments on or before 
December 23, 2024.

ADDRESSES: Written comments and recommendations for proposed 
information collection requests should be submitted within 30 days of 
publication of this notice. Click on this link www.reginfo.gov/public/do/PRAMain to access the site. Find this information collection request 
(ICR) by selecting ``Department of Education'' under ``Currently Under 
Review,'' then check the ``Only Show ICR for Public Comment'' checkbox. 
Reginfo.gov provides two links to view documents related to this 
information collection request. Information collection forms and 
instructions may be found by clicking on the ``View Information 
Collection (IC) List'' link. Supporting statements and other supporting 
documentation may be found by clicking on the ``View Supporting 
Statement and Other Documents'' link.

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

SUPPLEMENTARY INFORMATION: 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: Private Sector; State, Local, and 
Tribal Governments; Individual or Households.
    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: November 19, 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. 2024-27418 Filed 11-21-24; 8:45 am]
BILLING CODE 4000-01-P
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