OMB83 C

OMB83C.1845-0068.03-14-2008.doc

Federal Direct PLUS Loan Application and Master Promissory Note, and Endorser Addendum

OMB83 C

OMB: 1845-0068

Document [doc]
Download: doc | pdf

PAPERWORK REDUCTION ACT

CHANGE WORKSHEET


Agency/Subagency

     U.S. Department of Education, Federal Student Aid



OMB Control Number


    -    1845-0068



Enter only items that change

Current Record New Record

Agency form number(s)





     N/A


     N/A

Annual reporting and record keeping

hour burden



Number of respondents

     254,375

254,375     No change239,050

Total annual responses

254,375     

254,375     No change897,050

Percent of these responses

collected electronically


     50%


     No change7750%

Total annual hours

     127,188

127,188     No change322,629

Difference


     N/A0


Explanation of difference


Program Change


     N/A

Adjustment


     N/A

Annual reporting and record keeping cost burden (in thousands of dollars)


Total annualized capital/startup

costs

     0

     No change

Total annual costs (O&M)

     0

     No change

Total annualized cost requested

     0

     No change

Difference


     No change


Explanation of difference

Program Change



     N/A


Adjustment


     N/A

Other change**

     The College Cost Reduction and Access Act of 2007 (CCRAA) (Public Law 110-84), which was signed into law on September 27, 2007, and final regulations published on November 1, 2007 (72 FR 61960 and 72 FR 62014) made several changes to the terms and conditions of Federal Direct PLUS Loans under the William D. Ford Federal Direct Loan Program. Because of the timing of the enactment of the CCRAA and the publication of the final regulations, these statutory and regulatory changes were not included in the Federal Direct PLUS Loan Application and Master Promissory Note (Direct PLUS Loan MPN) and the accompanying Endorser Addendum that OMB approved on 08/10/2007. For this reason, the Department is now requesting approval to amend the Direct PLUS Loan MPN and Endorser Addendum to reflect the changes made by the CCRAA and the November 1, 2007 regulations.


The requested changes are limited in scope and do not affect the burden associated with this collection. The changes associated with the CCRAA are limited to basic statutory requirements that do not require implementing regulations. The regulatory changes resulted from regulations developed under the negotiated rulemaking process.


The proposed changes are listed in an attachment to this Change Worksheet and are also highlighted in the attached revised Direct PLUS Loan MPN and Endorser Addendum.




Signature of Senior Officer or

designee:



     



Date:



     03-14-2008


For OIRA Use

     

     

**This form cannot be used to extend an expiration date

OMB 83-C

File Typeapplication/msword
File TitleOMB Form 83C
SubjectClearance Package change worksheet
AuthorJames Vaughan
Last Modified Byjon.utz
File Modified2008-03-14
File Created2008-03-14

© 2024 OMB.report | Privacy Policy