Federal Register - June 14, 2021
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Source: Federal Register
Federal Register / Vol. 86, No. 112 / Monday, June 14, 2021 / Rules and Regulations measure to the Department. The Department views section 705 of the Consolidated Appropriations Act, 2021, as it does other provisions in the Act, to streamline the student aid process and to provide additional support for students. Solely lifting the restriction for borrowers on a going-forward basis would not provide relief for those borrowers who have been subject to SULA to date, most notably during a time of unprecedented financial strain due to COVID19. The Department believes that the only equitable approach to implementing this repeal is to apply it to the 20132014 award year, or the first year SULA was implemented, as permitted by the statute. Therefore, no other alternatives were considered for the revisions to the regulations included in this document because these changes implement changes to the HEA enacted by Congress, and the Department did not exercise discretion in developing these amendments which remove the SULA
restriction as mandated by the statute.
Regulatory Flexibility Act Certification The Regulatory Flexibility Act does not apply to this rulemaking because there is good cause to waive notice and comment under 5 U.S.C. 553.
18450116
Paperwork Reduction Act of 1995
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 the discontinuance of collections of information in accordance with the Paperwork Reduction Act of 1995 PRA
44 U.S.C. 3506c2A. This helps ensure that: The public understands the Departments collection instructions, respondents can 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.
Respondents also have the opportunity to comment on the Departments burden reduction estimates. A Federal agency may not conduct or sponsor a collection of information unless OMB approves the collection under the PRA and the corresponding information collection instrument displays a currently valid OMB control number. Notwithstanding any other provision of law, no person is required to comply with, or is subject to penalty for failure to comply with, a collection of information if the collection instrument does not display a currently valid OMB control number.
These final regulations do not create any new information collection
requirements. The final regulations remove requirements related to the subsidized loan usage limit that was repealed by section 705a of the Consolidated Appropriations Act, 2021.
That action will eliminate the burden assessed to the applicable regulations in the following previously approved information collection. The appropriate information collection filings will be made to coincide with the effective date of these regulations to discontinue a portion of the currently approved information collection, as noted below, and to transfer part of this collection to another approved information collection. We are removing OMB
control number 18450116 from the regulations because the collection is no longer necessary.
We are removing 685.200a2iA and B and f and 685.304a6xvi and b4xii from the regulations as discussed above. With this action, the burden assessed for the regulations in 685.304 under OMB
Control Number 18450116, William D. Ford Federal Direct Loan Program 150% Limitation is being discontinued. Other reporting or recordkeeping requirements in these regulatory sections are not affected by this discontinuation and burden continues to be assessed under 1845
0021.
BURDEN TO BE DISCONTINUED FROM COUNSELING REQUIREMENTS
Respondent type
Responses
Hours
Cost 3
Individual
Public Institution
Private Institution
Proprietary Institution
4,950,095
3,630
3,262
3,430
175,175
4,538
4,078
4,288
$3,533,280
425,392
382,272
401,957
Total discontinued for 18450116
4,960,417
188,079
4,742,901
However, the specific reporting and recordkeeping requirements in 685.301c and 685.309b of these
regulatory sections are not affected by this discontinuation and burden in this collection related to those sections will
be transferred from 18450116 to 1845
0021.
Respondent type
lotter on DSK11XQN23PROD with RULES1
31437
Responses
Hours
Public Institution
Private Institution
Proprietary Institution
1,241,812
532,524
367,979
28,570
13,736
10,439
Subtotal
2,142,315
52,745
New Total for 18450021
11,184,455
792,491
3 Individual costs, $20.17, are based on Students hourly rate estimated using national median hourly wage for all occupations. Bureau of Labor Statistics, May 2020 Occupational Employment Statistics Data. Available at www.bls.gov/oes/current/oes_
nat.htm000000. Last accessed on March 31, 2021.
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16:08 Jun 11, 2021
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Institutional costs are based on the Bureau of Labor Statistics, Occupational Employment and Wage Statistics, as listed in the May 2020 National Occupational Employment and Wage Estimates Management OccupationsPostsecondary Administrators, 2020 median hourly wage which is
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available at www.bls.gov/oes/current/oes_
nat.htm110000. The institutional rate, $93.74, is representing the $46.87 median hourly wage for postsecondary administrators doubled to capture benefits and overhead.
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