During the time AmeriCorps members are
participating in national service, they are eligible for a
postponement (specially, a forbearance) on the repayment of any
qualified student loan they have. The purpose of this is to
temporarily suspend their obligation to make loan payments while
they are earning a minimal living allowance in their national
service position. Interest continues to accrue during this period,
but payments are not required. In order for a loan holder to make a
decision regarding the granting of certain types of forbearances
and deferments, it requires proof that the borrower meets
the...
The burden has changed. The
number of respondents is expected to be less, based on a review of
annual records. Additionally, there now are two people responding
to the questionnaire- a member, and a certifying official who signs
the form.
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.