Federal Perkins Loan Program Table

OMB.1845.0019.Table.06.13.07	Jun-07			Date: 06.13.07
Respondent Type	Requirement	# of Respondents	# of Responses	Hours/Response	Total Hours	Description
Section A: Burden by Affected Entity
Federal Government
Individuals or Households
1	34 CFR 674.38	1126	1126	0.25	-282	1 Single Deferment submissions
2	34 CFR 674.61	1015	1015	0.0668	-68	2 Loan Discharge for Death
Sub-total		2141	2141		-350
Private Sector
Business or other for-profits
1	34 CFR 674.38	125	125	0.25	-31	1 Single Deferment submissions
2	34 CFR 674.61	677	677	0.0668	-45	2 Loan Discharge for Death
3	34 CFR 674.19	2	2	0.5	1	3 Certification of E-Signatures on
	34 CFR 674.50					Loan MPNs asigned to ED
4	34 CFR 674.19	12	12	0.58	7	4 Submission of Perkins loan records to ED
	34 CFR 674.50
7	34 CFR 674.8 34 CFR 674.50	107	96357	0.33	31798	7 Mandatory assignment of Perkins to ED
Sub-total		923	97173		31730
Not-for profits
4	34 CFR 674.19	13	13	0.58	7	4 Submission of Perkins loan records to ED
	34 CFR 674.50
7	34 CFR 674.8 34 CFR 674.50	107	96356	0.33	31797	7 Mandatory assignment of Perkins to ED
Sub-total		120	96369		31804
Farms
State, Local, or Tribal Governments
3	34 CFR 674.19	2	2	0.5	1	3 Certification of E-Signatures on
	34 CFR 674.50					Loan MPNs asigned to ED
4	34 CFR 674.19	13	13	0.58	8	4 Submission of Perkins loan records to ED
	34 CFR 674.50
7	34 CFR 674.8 34 CFR 674.50	107	96357	0.33	31798	7 Mandatory assignment of Perkins to ED
Sub-total		122	96372		31807
Sub-total		3306	292055		94991
Section B: Burden Impact Totals
CURRENT INVENTORY
Current # of Respondents		95262
Current # of Responses			95262
Current Inventory of Hours					25859
REVISED TOTAL RESPONDENTS		3306
REVISED TOTAL RESPONSES			292055
REVISED TOTAL BURDEN HOURS					94991
TOTAL # RESPONDENTS		98568
TOTAL # RESPONSES			387317
TOTAL # HOURS					120850
Difference					94991
Section C: Burden by Regulation Group
1. Sections 674.38, 682.210 and 685.204 – Deferment
Individuals	34 CFR 674.38	1126	1126	0.25	-282
Business or other for-profits-lenders	34 CFR 674.38	125	125	0.25	-31
Sub-total		1251	1251		-313
2. Sections 674.61, 682.402 and 685.212 – Loan Discharge for Death
Individuals or Households	34 CFR 674.61	1015	1015	0.0668	-68
Business or other for-profits	34 CFR 674.61	677	677	0.0668	-45
Sub-total		1692	1692		-113
3. Sections 674.19, 674.50, 682.406 and 682.409 – Certification of Electronic Signature on Title IV Loan Program Master Promissory Notes (MPNs) Assigned to the Department
Business or other for-profits	34 CFR 674.19	2	2	0.5	1
	34 CFR 674.50
State, Local, or Tribal Governments	34 CFR 674.19	2	2	0.5	1
	34 CFR 674.50
Sub-total		4	4		2
4. Sections 674.19, 674.50 and 682.409 – Retention of Disbursement Records Supporting MPNs
Business or other for-profits	34 CFR 674.19	12	12	0.58	7
	34 CFR 674.50
Not-for profits	34 CFR 674.19	13	13	0.58	7
	34 CFR 674.50
State, Local, or Tribal Governments	34 CFR 674.19	13	13	0.58	8
	34 CFR 674.50
Sub-total		38	38		22
7. Sections 674.8 and 674.50 – Mandatory Assignment of Defaulted Perkins Loans
Business or other for-profits	34 CFR 674.8 34 CFR 674.50	107	96357	0.33	31798
Not-for profits	34 CFR 674.8 34 CFR 674.50	107	96356	0.33	31797
State, Local, or Tribal Governments	34 CFR 674.8 34 CFR 674.50	107	96357	0.33	31798
Sub-total		321	289070		95393
GRAND TOTAL		3306	292055		94991