| OMB.1845.0020.v.8 Table. 05.21.09 |
|
|
|
|
|
|
| Respondent Type |
Requirement |
# of Respondents |
# of Responses |
Hours/Response |
Total Hours |
|
| Section A: Burden by Affected Entity |
|
|
|
|
|
|
| Federal Government |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Individuals or Households |
|
|
|
|
|
|
| Borrowers - (PRA Issue #2) |
34 CFR 682.206 |
10,032 |
10,032 |
1.00 |
10,032 |
|
| Borrowers - Entrance Interviews |
34 CFR 682.604 |
5,939,400 |
5,939,400 |
0.08 |
475,152 |
|
| Borrowers - Exit Interviews |
34 CFR 682.604 |
5,404,854 |
5,404,854 |
0.08 |
432,388 |
|
|
|
|
|
|
|
|
| Sub-total |
|
11,354,286 |
11,354,286 |
|
917,572 |
|
|
|
|
|
|
|
|
| Private Sector |
|
|
|
|
|
|
| Business or other for-profits |
|
|
|
|
|
|
| Lenders -Consolidation loans (PRA Issue #2) |
34 CFR 682.206 |
11,147 |
11,147 |
0.08 |
892 |
|
| Lenders - addt'l notice for troubled borrowers (PRA #8) |
34 CFR 682.205 |
4,692,126 |
4,692,126 |
0.17 |
797,661 |
|
| Lenders - notice consolidation app received (PRA Issue # 2) |
34 CFR 682.206 |
670,753 |
670,753 |
0.08 |
53,660 |
|
| Lenders - Forbearance (PRA Issue #3) |
34 CFR 682.211 |
481,330 |
481,330 |
0.03 |
14,440 |
|
| Lenders - Forbearance capitalization info - (PRA Issue #10) |
34 CFR 682.211 |
2,696,673 |
2,696,673 |
0.08 |
215,734 |
|
| Lenders - Income-Based Repayment (PRA Issue #4) |
34 CFR 682.215 |
1,128,579 |
1,128,579 |
0.08 |
90,286 |
|
| Lenders - ELTs and audits (PRA Issue # 11) |
34 CFR 682.305 |
109 |
109 |
100.00 |
10,900 |
|
| Institutions - Proprietary - expanded information (PRA Issue # 12) |
34 CFR 682.401 |
1,295 |
1,295 |
2.00 |
2,590 |
|
| Institutions - Proprietary - entrance interviews |
34 CFR 682.604 |
1,295 |
1,295 |
3.00 |
3,885 |
|
| Institutions - Proprietary - exit interviews |
34 CFR 682.604 |
1,295 |
1,295 |
3.00 |
3,885 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sub-total |
|
9,684,602 |
9,684,602 |
|
1,193,933 |
|
|
|
|
|
|
|
|
| Not-for profits |
|
|
|
|
|
|
| Institutions - Private School as lender & audits (PRA Issue #11) |
34 CFR 682.305 |
72 |
72 |
100.00 |
7,200 |
|
| Institutions - Private expanded information (PRA Issue #12) |
34 CFR 682.401 |
1,536 |
1,536 |
2.00 |
3,072 |
|
| Guaranty Agencies - expanded information (PRA Issue #12) |
34 CFR 682.401 |
36 |
36 |
10.00 |
360 |
|
| Guaranty Agencies - credit agency notification (PRAA Issue # 14) |
34 CFR 682.405(b) |
229,899 |
229,899 |
0.08 |
18,392 |
|
| Guaranty Agencies - rehabiilitated loans and financial literacy info (PRA #13) |
34 CFR 682.405(c) |
143,687 |
143,687 |
0.17 |
24,427 |
|
| Guaranty Agencies - 2nd notice (PRA Issue # 15) |
34 CFR 682.410 |
734,918 |
734,918 |
0.08 |
58,793 |
|
| Institutions - Private - entrance interviews |
34 CFR 682.604 |
1,536 |
1,536 |
3.00 |
4,608 |
|
| Institutions - Private - exit interviews |
34 CFR 682.604 |
1,536 |
1,536 |
3.00 |
4,608 |
|
|
|
|
|
|
|
|
| Sub-total |
|
1,113,220 |
1,113,220 |
|
121,460 |
|
|
|
|
|
|
|
|
| Farms |
|
|
|
|
|
|
|
|
|
|
|
|
|
| State, Local, or Tribal Governments |
|
|
|
|
|
|
| Institutions - Public - expanded information (PRA Issue # 12) |
34 CFR 682.401 |
1,363 |
1,363 |
2.00 |
2,726 |
|
| Institutions - Public - entrance interviews |
34 CFR 682.604 |
1,363 |
1,363 |
3.00 |
4,089 |
|
| Institutions - Public - exit interviews |
34 CFR 682.604 |
1,363 |
1,363 |
3.00 |
4,089 |
|
|
|
|
|
|
|
|
| Sub-total |
|
4,089 |
4,089 |
|
10,904 |
|
|
|
|
|
|
|
|
| Total |
|
22,156,197 |
22,156,197 |
|
2,243,869 |
|
|
|
|
|
|
|
|
| Section B: Burden Impact Totals |
|
|
|
|
|
|
|
|
|
|
|
|
|
| CURRENT INVENTORY |
|
|
|
|
|
|
| Current # Respondents |
|
1,238,280 |
|
|
|
|
| Current # of Responses |
|
|
2,783,956 |
|
|
|
| Current Inventory of Hours |
|
|
|
|
9,921,638 |
|
| REVISED TOTAL RESPONDENTS |
|
23,394,477 |
|
|
|
|
| REVISED TOTAL RESPONSES |
|
|
24,940,153 |
|
|
|
| REVISED TOTAL BURDEN HOURS |
|
|
|
|
12,165,507 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Difference |
|
|
|
|
2,243,869 |
|
|
|
|
|
|
|
|
| Section C: Burden by Section of the Regulations TEAMS I & II |
|
|
|
|
|
|
| TEAM I PRA |
|
|
|
|
|
|
| 1. Section 682.402 - Loan Discharges for disabled Vets |
|
|
|
|
|
|
| PRA Issues 1 - in OMB 1845-0065 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2. Section 682.205 – Disclosures |
|
|
|
|
|
|
| Lenders - addt'l notice for troubled borrowers (PRA #8) |
34 CFR 682.205 |
4,692,126 |
4,692,126 |
0.17 |
797,661 |
|
|
|
|
|
|
|
|
| TOTAL |
|
4,692,126 |
4,692,126 |
|
797,661 |
|
|
|
|
|
|
|
|
| 3. Section 682.206 - Due diligence |
|
|
|
|
|
|
| Borrowers - (PRA Issue #2) |
34 CFR 682.206 |
10,032 |
10,032 |
1.00 |
10,032 |
|
| Lenders -Consolidation loans (PRA Issue #2) |
34 CFR 682.206 |
11,147 |
11,147 |
0.08 |
892 |
|
| Lenders - notice consolidation app received (PRA Issue # 2) |
34 CFR 682.206 |
670,753 |
670,753 |
0.08 |
53,660 |
|
|
|
|
|
|
|
|
| Total For Lenders |
|
681,900 |
681,900 |
|
54,552 |
|
|
|
|
|
|
|
|
| TOTAL |
|
691,932 |
691,932 |
|
64,584 |
|
|
|
|
|
|
|
|
| 4. Section 682.211(f) - Forbearance |
|
|
|
|
|
|
| Lenders - Forbearance (PRA Issue #3) |
34 CFR 682.211 |
481,330 |
481,330 |
0.03 |
14,440 |
|
|
|
|
|
|
|
|
| TOTAL |
|
481,330 |
481,330 |
|
14,440 |
|
|
|
|
|
|
|
|
| 4. Section 682.211(e) - Forbearance |
|
|
|
|
|
|
| Lenders - Forbearance capitalization info - (PRA Issue #10) |
34 CFR 682.211 |
2,696,673 |
2,696,673 |
0.08 |
215,734 |
|
|
|
|
|
|
|
|
| TOTAL |
|
2,696,673 |
2,696,673 |
|
215,734 |
|
|
|
|
|
|
|
|
| 5. Section 682.215 - IBR |
34 CFR 682.215 |
1,128,579 |
1,128,579 |
0.08 |
90,286 |
|
|
|
|
|
|
|
|
| TOTAL |
|
1,128,579 |
1,128,579 |
|
90,286 |
|
|
|
|
|
|
|
|
| 6. Section 682.305 ELTs and audits |
|
|
|
|
|
|
| Lenders - ELTs and audits (PRA Issue # 11) |
34 CFR 682.305 |
109 |
109 |
100.00 |
10,900 |
|
| Institutions - Private School as lender & audits (PRA Issue #11) |
34 CFR 682.305 |
72 |
72 |
100.00 |
7,200 |
|
|
|
|
|
|
|
|
| TOTAL |
|
181 |
181 |
|
18,100 |
|
|
|
|
|
|
|
|
| 7. Section 682.401 Consumer Information provided by GAs |
|
|
|
|
|
|
| Institutions - Proprietary - expanded information (PRA Issue # 12) |
34 CFR 682.401 |
1,295 |
1,295 |
2.00 |
2,590 |
|
| Institutions - Private expanded information (PRA Issue #12) |
34 CFR 682.401 |
1,536 |
1,536 |
2.00 |
3,072 |
|
| Institutions - Public - expanded information (PRA Issue # 12) |
34 CFR 682.401 |
1,363 |
1,363 |
2.00 |
2,726 |
|
|
|
|
|
|
|
|
| Total for Institutions |
|
4,194 |
4,194 |
|
8,388 |
|
|
|
|
|
|
|
|
| 7. Section 682.401 Guaranty Agencies - expanded info (PRA Issue #12) |
34 CFR 682.401 |
36 |
36 |
10.00 |
360 |
|
|
|
|
|
|
|
|
| TOTAL FOR 682.401 |
|
4,230 |
4,230 |
|
8,748 |
|
|
|
|
|
|
|
|
| 8. Section 682.405 (b) Credit agency notification (PRA Issue #14) |
34 CFR 682.405(b) |
229,899 |
229,899 |
0.08 |
18,392 |
|
|
|
|
|
|
|
|
| TOTAL |
|
229,899 |
229,899 |
|
18,392 |
|
|
|
|
|
|
|
|
| 9. Section 682.405(c) rehabilitatied loans and financial literacy info (PRA #13) |
34 CFR 682.405© |
143,687 |
143,687 |
0.17 |
24,427 |
|
|
|
|
|
|
|
|
| TOTAL |
|
143,687 |
143,687 |
|
24,427 |
|
|
|
|
|
|
|
|
| 10. Section 682.410 |
|
|
|
|
|
|
| Guaranty Agencies - 2nd notice (PRA Issue # 15) |
34 CFR 682.410 |
734,918 |
734,918 |
0.08 |
58,793 |
|
|
|
|
|
|
|
|
| TOTAL |
|
734,918 |
734,918 |
|
58,793 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TEAM II PRA |
|
|
|
|
|
|
| Section 682.604 - Entrance and Exit Interviews |
|
|
|
|
|
|
| Borrowers - Entrance Interviews |
34 CFR 682.604 |
5,939,400 |
5,939,400 |
0.08 |
475,152 |
|
|
|
|
|
|
|
|
| Institutions - Proprietary - entrance interviews |
34 CFR 682.604 |
1,295 |
1,295 |
3.00 |
3,885 |
|
| Institutions - Private - entrance interviews |
34 CFR 682.604 |
1,536 |
1,536 |
3.00 |
4,608 |
|
| Institutions - Public - entrance interviews |
34 CFR 682.604 |
1,363 |
1,363 |
3.00 |
4,089 |
|
| Sub-total |
|
4,194 |
4,194 |
|
12,582 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Borrowers - Exit Interviews |
34 CFR 682.604 |
5,404,854 |
5,404,854 |
0.08 |
432,388 |
|
|
|
|
|
|
|
|
| Institutions - Proprietary - exit interviews |
34 CFR 682.604 |
1,295 |
1,295 |
3.00 |
3,885 |
|
| Institutions - Private - exit interviews |
34 CFR 682.604 |
1,536 |
1,536 |
3.00 |
4,608 |
|
| Institutions - Public - exit interviews |
34 CFR 682.604 |
1,363 |
1,363 |
3.00 |
4,089 |
|
| Sub-total |
|
4,194 |
4,194 |
|
12,582 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TOTAL for 682.604 |
|
11,352,642 |
11,352,642 |
|
932,704 |
|
|
|
|
|
|
|
|
| Grand Total |
|
22,156,197 |
22,156,197 |
|
2,243,869 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|