William D. Ford Federal Direct Loan Program Repayment Plan Selection Form

Forms and Documents

Document	Type	Status	Availability
RPS.Rev 2007.Supporting Statement.07-03-2007.doc	Supporting Statement A	Uploaded 2007-07-03	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
22174	William D. Ford Federal Direct Loan Program Repayment Plan Selection Form	Other-Repayment Plan Selection	Modified

ICR Details

OMB Control No: 1845-0014	ICR Reference No: 200707-1845-001
Status: Historical Active	Previous ICR Reference No: 200410-1845-003
Agency/Subagency: ED/FSA	Agency Tracking No: 3404
Title: William D. Ford Federal Direct Loan Program Repayment Plan Selection Form
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/28/2007
	Date Received in OIRA: 07/10/2007
Terms of Clearance: Approved contigent on the following terms: If Federal Student Aid cannot implement this provision by September 9 they must (a) inform OMB of the delay and (b) provide a plan with detailed timeline by which they will implement these provisions no later than the end of September.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2010	36 Months From Approved	11/30/2007
Responses	331,000	0	971,000
Time Burden (Hours)	109,230	0	320,430
Cost Burden (Dollars)	0	0	0

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Abstract: Borrowers who receive loans through the William D. Ford Federal Direct Loan Program may use this form to select a repayment plan or to change repayment plans for their loans.

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Authorizing Statute(s): US Code: 20 USC 1087e(d) Name of Law: Higher Education Act of 1965, as amended
   PL: Pub.L. 109 - 171 8008(b) Name of Law: Higher Education Reconciliation Act of 2005
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 45666	08/09/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 37520	07/10/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
William D. Ford Federal Direct Loan Program Repayment Plan Selection Form

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ICR Summary of Burden

	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	331,000	971,000	0	0	-640,000	0
Annual Time Burden (Hours)	109,230	320,430	0	0	-211,200	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: There a decrease due to a refinement in the method used to estimate the number of respondents. In addition, the number of borrowers completing the Repayment Plan Selection form has decreased.

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Annual Cost to Federal Government: $718,184

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 07/10/2007

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