Federal Direct Stafford/Ford Loan and/or Federal Direct Unsubsidized Stafford/Ford Loan Borrower Promises To Repay His or Her Loan

ICR 199906-1840-003

OMB: 1840-0743

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1840-0743 199906-1840-003
Historical Active 199903-1840-004
ED/OPE
Federal Direct Stafford/Ford Loan and/or Federal Direct Unsubsidized Stafford/Ford Loan Borrower Promises To Repay His or Her Loan
Revision of a currently approved collection   No
Regular
Approved without change 08/20/1999
Retrieve Notice of Action (NOA) 06/25/1999
Approved consistent with ED's memo to OMB of 8/20/99. In addition, the following terms of clearance apply: (1) ED will continue efforts to consolidate the number of prom notes to minimize the number of different types of prom notes and thus minimize confusion among respondents. (2) Specifically, the DL prom note (w/out multi year functionality - 1840-0667) expires 12/99 and will no longer be in use after that time. The FFEL prom note (w/out multi year functionality - 1840-0717) expires 6/2000 and will no longer be in use after that time. OMB provides ED with a 3 year clearance for the revised MPNs (DL: 1840-0743, FFEL: 1840-0742), However, ED will make every effort to phase out the original MPNs (DL: 1840- 0732, FFEL: 1840-0731) by 7/2000. Consistent with the 8/20 memo, ED will consult with all appropriate stakeholders on the appopriate strategy and timeframe for these phase outs. (3) In developing ED procedures for the application/request process for multi- year functionality and notification/ confirmation, ED will ensure that institutions are provided (and made aware of) an option to submit the two application/requests simoultaneously rather than as separate application/requests. (4) OMB notes that the designation of an MPN single numeric identifier distinct and unique from an overarching single identifier is completely inconsistent with the original premise of ED's single identifier initiative. ED will continue its efforts to develop a single numeric identifier to be used by institutions for all purposes with respect to dealings with the ED. (5) By 11/1/99 ED will submit for OMB review and approval a common FFEL consolidation application and prom note. (6) ED will develop recertification procedures to ensure that students acknowledge the loans they are taking each year, even under an MPN.
  Inventory as of this Action Requested Previously Approved
08/31/2002 08/31/2002 09/30/1999
1,828,224 0 2,031,360
1,828,224 0 2,031,360
9,415,000 0 10,000

This form is the means by which a Federal Direct Stafford/Ford Loan and/or Federal Direct Unsubsidized Stafford/Ford Loan borrower promises to repay his or her loan.

None
None


No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 1,828,224 2,031,360 0 0 -203,136 0
Annual Time Burden (Hours) 1,828,224 2,031,360 0 0 -203,136 0
Annual Cost Burden (Dollars) 9,415,000 10,000 0 9,405,000 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
06/25/1999


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