Ed Department Seeks to Continue Collecting Lender Payment Data
Published Date: 11/21/2025
Notice
Summary
The Department of Education wants to keep collecting info from private lenders about their requests for interest and special payments, without changing the current process. This helps make sure lenders get paid correctly and on time. If you have thoughts, you’ve got until December 22, 2025, to share them—no money changes, just a smooth extension!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Private Lenders Keep Using ED Form 799
If you are a private lender who holds Federal Family Education Loans (FFEL), you must continue to submit the Lender's Request for Payment of Interest and Special Allowance (ED Form 799, OMB Control No. 1845-0013) under the existing process. The Department estimates this collection involves 1,160 annual responses and supports paying interest and special allowance to FFEL holders and related reporting and audits.
Estimated Annual Compliance Burden for Lenders
Private-sector respondents collectively are estimated to submit 1,160 responses per year and spend a total of 2,827 burden hours annually to complete ED Form 799. The Department is requesting continuation of these estimates as part of the extension without change.
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