Federal Direct Consolidation Loan Program Application Documents

Forms and Documents

Document Name	Status
1845-0053.83C Chart 11-06-2008.doc Supplementary Document	2008-11-07
1845-0053.83-C 11-06-2008.doc Justification for No Material/Nonsubstantive Change	2008-11-07
OMB83C.1845-0053.03-10-2008.doc Supplementary Document	2008-03-10
1845-0053.CCRAA & Reg Change Summary.03-10-2008.doc Justification for No Material/Nonsubstantive Change	2008-03-10
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	Modified
181524	Federal Direct Consolidation Loan Verification Certificate Other-certificate form	Modified

ICR Details

OMB Control No: 1845-0053	ICR Reference No: 200811-1845-002
Status: Historical Active	Previous ICR Reference No: 200803-1845-001
Agency/Subagency: ED/FSA	Agency Tracking No: 3907
Title: Federal Direct Consolidation Loan Program Application Documents
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/17/2008
	Date Received in OIRA: 11/07/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2010	11/30/2010	11/30/2010
Responses	907,200	0	897,050
Time Burden (Hours)	326,704	0	322,629
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	907,200	897,050	0	10,150	0	0
Annual Time Burden (Hours)	326,704	322,629	0	4,075	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: Changing Regulations

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

Burden Reduction Due to:

Short Statement: The College Cost Reduction and Access Act of 2007 (CCRAA) (Public Law 110-84) established the Public Service Loan Forgiveness Program in §455(m) of the Higher Education Act of 1965, as amended (the HEA) for student loan borrowers under the William D. Ford Federal Direct Loan (Direct Loan) Program. The CCRAA also amended §428C of the HEA to allow borrowers under the Federal Family Education Loan (FFEL) Program to consolidate their loans into the Direct Loan Program to take advantage of this new loan forgiveness benefit. Final regulations implementing the Public Service Loan Forgiveness Program were published on October 23, 2008 (73 FR 63232). The U.S. Department of Education expects that the provision allowing FFEL Program borrowers to consolidate their loans into the Direct Loan Program to take advantage of the Public Service Loan Program will increase the number of respondents and the burden hours associated with OMB Control Number 1845-0053 (Direct Consolidation Loan Application and Promissory Note).

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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: 11/07/2008

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