36836 Federal Register / Vol. 87, No. 118 / Tuesday, June 21, 2022 / Notices 

Abstract: The Direct Subsidized Loan 

and Direct Unsubsidized Loan Master 

Promissory Note (Subsidized/ 

Unsubsidized MPN) serves as the means 

by which an individual agrees to repay 

a Direct Subsidized Loan and/or Direct 

Unsubsidized Loan. 

The Direct PLUS Loan Master 

Promissory Note (PLUS Loan MPN) 

serves as the means by which an 

individual applies for and agrees to 

repay a Direct PLUS Loan. If a Direct 

PLUS Loan applicant is determined to 

have an adverse credit history, the 

applicant may qualify for a Direct PLUS 

Loan by obtaining an endorser who does 

not have an adverse credit history. The 

Endorser Addendum serves as the 

means by which an endorser agrees to 

repay the Direct PLUS Loan if the 

borrower does not repay it. 

An MPN is a promissory note under 

which a borrower may receive loans for 

a single or multiple academic years. The 

MPN explains the terms and conditions 

of the loans that are made under the 

MPN. 

The Direct Consolidation Loan 

Application and Promissory Note 

(Consolidation Note) serves as the 

means by which a borrower applies for 

a Direct Consolidation Loan and 

promises to repay the loan. It also 

explains the terms and conditions of the 

Direct Consolidation Loan. The 

Consolidation Note Instructions explain 

to the borrower how to complete the 

Consolidation Note. The Consolidation 

Additional Loan Listing Sheet provides 

additional space for a borrower to list 

loans that he or she wishes to 

consolidate. The Consolidation Request 

to Add Loans serves as the means by 

which a borrower may add other loans 

to an existing Direct Consolidation Loan 

within a specified time period. The 

Consolidation Loan Verification 

Certificate serves as the means by which 

the U.S. Department of Education 

obtains the information needed to pay 

off the holders of the loans that the 

borrower wants to consolidate. 

This revision updates the Subsidized/ 

Unsubsidized MPN and the 

Consolidation Note by removing 

information related to the 150% 

Subsidized Usage Limit requirements. 

This previous statutory provision was 

repealed by the Free Application for 

Federal Student Aid (FAFSA) 

Simplification Act, part of the part of 

the Consolidated Appropriations Act, 

2021 (Public Law 116–260), and no 

longer applies to borrowers of Direct 

Subsidized Loans and Direct 

Consolidation Loans. There are no 

proposed changes to the PLUS MPN or 

to any of the other forms included in 

this submission. 

Dated: June 14, 2022. 

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. 2022–13168 Filed 6–17–22; 8:45 am] 

BILLING CODE 4000–01–P 

DEPARTMENT OF EDUCATION 

[Docket No. ED–2022–SCC–0047] 

Agency Information Collection 

Activities; Submission to the Office of 

Management and Budget for Review 

and Approval; Comment Request; 

Loan Cancellation in the Federal 

Perkins Loan Program 

AGENCY: Federal Student Aid (FSA), 

Department of Education (ED). 

ACTION: Notice. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995, ED is 

proposing an extension without change 

of a currently approved collection. 

DATES: Interested persons are invited to 

submit comments on or before July 21, 

2022. 

ADDRESSES: Written comments and 

recommendations for proposed 

information collection requests should 

be sent within 30 days of publication of 

this notice to www.reginfo.gov/public/ 

do/PRAMain. Find this information 

collection request by selecting 

‘‘Department of Education’’ under 

‘‘Currently Under Review,’’ then check 

‘‘Only Show ICR for Public Comment’’ 

checkbox. Comments may also be sent 

to ICDocketmgr@ed.gov. 

FOR FURTHER INFORMATION CONTACT: For 

specific questions related to collection 

activities, please contact Beth 

Grebeldinger, (202) 377–4018. 

SUPPLEMENTARY INFORMATION: The 

Department of Education (ED), 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. ED is 

soliciting comments on the proposed 

information collection request (ICR) that 

is described below. The Department of 

Education 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: Loan Cancellation 

in the Federal Perkins Loan Program. 

OMB Control Number: 1845–0100. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Respondents/Affected Public: Private 

Sector; Individuals or Households; 

State, Local, and Tribal Governments. 

Total Estimated Number of Annual 

Responses: 116,872. 

Total Estimated Number of Annual 

Burden Hours: 43,832. 

Abstract: This is a request for an 

extension of the current 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. There has 

been no change to the regulatory 

requirements. Due to the effects of the 

COVID–19 pandemic and the 

suspension of the collection of loans, 

the Department lacks sufficient data to 

allow for more accurate updates to the 

usage of the regulations. 

Dated: June 14, 2022. 

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. 2022–13165 Filed 6–17–22; 8:45 am] 

BILLING CODE 4000–01–P 

DEPARTMENT OF EDUCATION 

[Docket No. ED–2022–SCC–0048] 

Agency Information Collection 

Activities; Submission to the Office of 

Management and Budget for Review 

and Approval; Comment Request; Part 

601 Preferred Lender Arrangements 

AGENCY: Federal Student Aid (FSA), 

Department of Education (ED). 


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