DCIA Aging and Compliance Data Requirements for Guaranty Agencies — Reinstatement of Information Collection
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The U.S. Department of Education (ED), through Federal Student Aid (FSA), is requesting reinstatement without change of a previously approved information collection (OMB Control Number 1845-0160) under the Paperwork Reduction Act of 1995. This collection governs data that Guaranty Agencies (GAs) must submit to ED in order to help ED fulfill its federal debt reporting obligations. Under the Debt Collection Improvement Act of 1996 (DCIA) and the Digital Accountability and Transparency Act of 2014 (DATA Act), ED is required to report the status and condition of its non-tax debt portfolio to the U.S. Department of the Treasury via the Treasury Report on Receivables and Debt Collection Activities (TROR). Because ED depends on GAs for portions of this data, GAs must age their debt according to DCIA standards, report on the eligibility of DCIA-aged debt for referral to the Treasury Offset Program (TOP), and report compliance with IRS Form 1099-C reporting requirements. This is a straight reinstatement with no changes to the regulations or data requirements since the last extension in 2023. The collection affects approximately 275 annual responses and imposes an estimated 726 annual burden hours on private-sector respondents. Public comments are due by May 1, 2026.
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Key Changes
- Reinstatement without change of OMB Control Number 1845-0160, which had previously lapsed — no new requirements added
- Guaranty Agencies must continue aging debt according to DCIA (Debt Collection Improvement Act of 1996) standards
- GAs must report eligibility of DCIA-aged debt for referral to the Treasury Offset Program (TOP)
+ 3 more changes with Pro
Obligations
What this law requires
Guaranty Agencies must age their debt according to DCIA (Debt Collection Improvement Act of 1996) standards and submit this aged debt data to the Department of Education
Guaranty Agencies must report on the eligibility of DCIA-aged debt for referral to the Treasury Offset Program (TOP) to the Department of Education
Guaranty Agencies must report compliance with IRS Form 1099-C reporting requirements to the Department of Education
The Department of Education must report the status and condition of its non-tax debt portfolio to the U.S. Department of the Treasury via the Treasury Report on Receivables and Debt Collection Activities (TROR) in accordance with DCIA and the DATA Act
Guaranty Agencies must submit required data to the Department of Education with an estimated annual burden of 726 hours across approximately 275 annual responses