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Federal Register / Vol. 86, No. 160 / Monday, August 23, 2021 / Rules and Regulations analysis conducted by Veterans Education Success of National Postsecondary Student Aid Survey NPSAS data for the most recent three survey cycles NPSAS:08, NPSAS:12
and NPSAS:16 concluded that the percentage of veterans borrowing at proprietary schools decreased from 78
percent in NPSAS:08, which surveyed students prior to passage of the Post-9/
11 GI Bill, to 42 percent in NPSAS:16, which surveyed students after, and the average annual amount borrowed decreased slightly from $8,680 to $8,630
in 2015 dollars.2 The percent of veterans borrowing declined slightly in other sectors 38 percent to 32 percent for public 4-year institutions and the average annual amounts borrowed also declined $10,410 for 4-year private non-profit in NPSAS:08 to $8,980 in NPSAS:16.3

Medical or technical advances that affect the classification of disability could potentially be a factor reducing the estimated costs associated with future loan cohorts. In its report, Trends in Social Security Disability,4 published in August 2019, SSA indicated a decline in disability incidence since 2010 after an increase between 20072010. While SSA identifies economic conditions as a contributing factor to disability incidence, the report indicates that the decline is more significant than would be expected by economic conditions alone. Other factors identified that could affect disability rates in the future include availability of health insurance, a change in the mix of jobs to ones with less physically demanding labor, and policy and administrative procedural changes. For estimation purposes, we assume future cohorts will look like
existing cohorts but acknowledge that a number of factors could shift the estimated costs in either direction.
Accounting Statement As required by OMB Circular A4
available at www.whitehouse.gov/sites/
default/files/omb/assets/omb/circulars/
a004/a-4.pdf, in the following table we have prepared an accounting statement showing the classification of the expenditures associated with the provisions of these final regulations.
This table provides our best estimate of the changes in annual monetized transfers as a result of these final regulations. Expenditures are classified as transfers from the Federal government to veterans or borrowers eligible for SSDI and/or SSI benefits who qualify for a total and permanent disability discharge.

TABLE 1ACCOUNTING STATEMENT: CLASSIFICATION OF ESTIMATED EXPENDITURES
In millions Category
Benefits
Increased share of qualifying veterans or borrowers eligible for SSDI and/or SSI benefits who receive a total and permanent disability discharge

Not Quantified
Reduced paperwork burden on veterans or borrowers eligible for SSDI and/or SSI benefits whose next disability review is no earlier than five and no later than seven years who qualify for a TPD discharge
Category
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Paperwork Reduction Act of 1995
PRA
As part of its continuing effort to reduce paperwork and respondent burden, the Department provides the general public and Federal agencies with an opportunity to comment on proposed and continuing collections of information in accordance with the PRA
44 U.S.C. 3506c2A. This helps ensure that: The public understands the Departments collection instructions, respondents provide the requested data in the desired format, reporting burden time and financial resources is minimized, collection instruments are clearly understood, and the Department can properly assess the impact of collection requirements on respondents.
Sections 674.61, 682.402, and 685.213
of these final regulations contain information collection requirements.

Under the PRA, the Department has submitted a copy of these sections and an Information Collections Request to OMB for its review. These final regulations do not impose any new information collection burden. OMB
previously approved the information collection requirements under OMB
control number 18450065. The forms that are part of this information collection do not change as a result of these final regulations.

2 Walter Ochinko and Kathy Payea, Veterans Education Success, Veteran Student Loan Debt:
Data from NPSAS: 08,12,16, January 2019, Figure 1, p.4. Available at https vetsedsuccess.org/

veteran-student-loan-debt-7-years-afterimplementation-of-the-post-9-11-gi-bill
3 Id.

16:11 Aug 20, 2021

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Sections 674.61c, 682.402c9, and 685.213c Discussion: Prior to the IFR, a veteran was required to submit an application with documentation from VA to receive a TPD discharge of a loan under the Federal Perkins Loan Program, Federal Family Education Loan Program, or Federal Direct Loan Program. This
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3%
$.35

Transfers
Increased loan discharges for veterans or borrowers eligible for SSDI and/or SSI benefits with a qualifying total and permanent disability status

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7%
$.34

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7%
$1,685.8

3%
$1,138.6

information has been collected under OMB approved form control number 18450065. The IFR and these final regulations eliminate the application requirement.
Requirements: These changes allow the Secretary to offer a Federal student loan borrower who is identified through a data match with VA as being totally and permanently disabled a discharge of his or her loans without requiring the borrower to submit a separate TPD
application. The veteran may elect to opt out of the TPD discharge and will continue to be responsible for repaying the loans.
Burden Calculation: These changes eliminate burden on the veteran. The currently approved form, 18450065, estimates 30 minutes .50 hours to read, gather documentation, and complete the discharge application. We estimate that 4 Social Security Administration, Office of Retirement and Disability Policy, Trends in Social Security Disability, August 2019. Available at https www.ssa.gov/policy/docs/briefing-papers/
bp2019-01.html.

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