ICRAS 1464 1845 - 0100 v2

– Affected Public

– For- Profit Institutions 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 (Perkins Loan) 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 each institution will have additional burden of .25 hours to process the cancellations per eligible borrower. 337 (.0 7 X 4,808 borrowers) X .25 hours (15 minutes) = 84 hours Section 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 - time employ ment in a public or private nonprofit child or family 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 district; full - time employ ment as a faculty member at a Tribal Coll ege or University; 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 each institution will have additional burden of .25 hours to process the cancellations p er eligible borrower. 505 (.0 7 X 7,216 borrowers) X .25 hours (15 minutes) = 126 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 ying agency as identified in regulation. We estimate that each institution will have additional burden of .25 hours to process the cancellations per eligible borrower. 57 (.0 7 X 809 borrowers ) X .25 hours (15 minutes) = 14 hoursICRAS 1464 1845 - 0100 v2

– Affected Public

– For- Profit Institutions 1/31/2013

Section 674.58

– Cancellation for service in an early childhood education program. This regulation identifies the requirements for staff members in a Head Start program to qualif y for cancellation benefits as identified in regulation. We estimate that each institution will have additional burden of .25 hours to process the cancellations per eligible borrower. 389 (.0 7 X 5, 561 borrowers) X .25 hours (15 minutes) = 9 7 hours S ection 674.59

– Cancellation for military service. This regulation identifies the requirements for borrowers who are members of the U.S. Army, Navy, Air Force, Marine Corps, or Coast Guard to qualify for cancellation benefits as identified in regulation. W e estimate that each institution will have additional burden of .25 hours to process the cancellations per eligible borrower. 3,018 (.0 7 X 4 3 , 117 borrowers) X .25 hours (15 minutes) = 755 hours TOTAL S Responses 4,306 Respondents 107 Burden Hours 1,076