Federal Direct Consolidation Loan Program Application Documents

Forms and Documents

Document Name	Status
Att_FR08092006.pdf Supplementary Document	2007-08-08
FR.11012006.HERAFinalRule.loans.pdf Supplementary Document	2007-08-08
Supporting Statement 1845-0053.DL Consol.revHERA.08-07-2007.doc Supporting Statement A	2007-08-08

IC Document Collections

IC ID	Document Title	Status
22301	Federal Direct Consolidation Loan Application and Promissory Note with Additional Loan Listing Sheet Other-DL Appl and Promissory Form	Modified
181525	Federal Direct Consolidation Loan Request to Add Loans Other-Request form	New
181524	Federal Direct Consolidation Loan Verification Certificate Other-certificate form	New

ICR Details

OMB Control No: 1845-0053	ICR Reference No: 200708-1845-001
Status: Historical Active	Previous ICR Reference No: 200511-1845-002
Agency/Subagency: ED/FSA	Agency Tracking No: 3429
Title: Federal Direct Consolidation Loan Program Application Documents
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: 11/27/2007
	Date Received in OIRA: 08/24/2007
Terms of Clearance: If ED considers options for prepopulating the application and promissory note in the future, a change worksheet will be submitted to account for reduction in burden.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2010	36 Months From Approved	02/28/2009
Responses	897,050	0	920,714
Time Burden (Hours)	322,629	0	680,480
Cost Burden (Dollars)	0	0	0

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Abstract: These forms are the means by which an applicant applies for and promises to repay a Direct Consolidation Loan, and a loan holder verifies that a loan is eligible for consolidation.

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Authorizing Statute(s): US Code: 20 USC 1087e(g) Name of Law: Higher Education Act of 1965, as amended
  

Citations for New Statutory Requirements: PL: Pub.L. 109 - 171 8009 Name of Law: Higher Education Reconciliation Act of 2005 (HERA)

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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 45668	08/09/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 48270	08/23/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Federal Direct Consolidation Loan Application and Promissory Note with Additional Loan Listing Sheet
Federal Direct Consolidation Loan Verification Certificate
Federal Direct Consolidation Loan Request to Add Loans

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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	897,050	920,714	0	-23,664	0	0
Annual Time Burden (Hours)	322,629	680,480	0	-357,851	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The decrease in hours is due to Higher Education Reconciliation Act (HERA) changing the Higher Education Act that limited eligibility for consolidation loans. As a result, the number of the Direct Consolidation loans that are made is expected to decrease.

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Annual Cost to Federal Government: $41,440,853

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: 08/24/2007

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