Federal Stafford Loan Master Promissory Note (JS)

Forms and Documents

Document Name	Status
Federal Stafford Loan Master Promissory Note (MPN) Form and Instruction	New
Federal Stafford Loan Master Promissory Note (MPN) and School Certification Form and Instruction	New
Att_1845-0006.FFEL Stafford MPN.Supporting Statement.30-day.05-08-2008.doc Supporting Statement A	2008-05-19

IC Document Collections

IC ID	Document Title	Status
22144	Federal Stafford Loan Master Promissory Note (JS)	Removed
184967	Federal Stafford Loan Master Promissory Note (MPN) Form and Instruction	New
184966	Federal Stafford Loan Master Promissory Note (MPN) and School Certification Form and Instruction	New

ICR Details

OMB Control No: 1845-0006	ICR Reference No: 200805-1845-005
Status: Historical Active	Previous ICR Reference No: 200601-1845-003
Agency/Subagency: ED/FSA	Agency Tracking No: 3551
Title: Federal Stafford Loan Master Promissory Note (JS)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 07/09/2008
	Date Received in OIRA: 05/19/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2011	36 Months From Approved	07/31/2008
Responses	3,123,451	0	2,959,380
Time Burden (Hours)	2,297,415	0	2,219,535
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Stafford Loan MPN serves as the means by which an individual agrees to repay a Federal Stafford Loan. The School Certification form serves as the means by which a school that participates in the FFEL Program certifies a borrower's eligibility for a Federal Stafford Loan if the school does not certify eligibility electronically.

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Authorizing Statute(s): US Code: 20 USC 1087(c)(1) Name of Law: Higher Education Act of 1965, as amended
  

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:
	72 FR 73339	12/27/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 28809	05/19/2008
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Federal Stafford Loan Master Promissory Note (MPN)	N/A	Federal Stafford Loan Master Promissory Note (MPN)
Federal Stafford Loan Master Promissory Note (JS)
Federal Stafford Loan Master Promissory Note (MPN) and School Certification	N/A	Federal Stafford Loan School Certification

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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	3,123,451	2,959,380	0	164,071	0	0
Annual Time Burden (Hours)	2,297,415	2,219,535	0	77,880	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: ED is reporting an upward adjustment of 77,880 hours due to an increase in the number of respondents since the previous submission. In addition, the burden hour estimate reported with the previous submission did not include the paper Federal Stafford Loan School Certification form.

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Annual Cost to Federal Government: $0

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: 05/19/2008

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