Direct Loan Income Contingent Repayment Plan & Income-Based Repayment Plan - Consent to Disclosure of Tax Information

Forms and Documents

Document	Type	Status	Availability
Direct Loan Income Contingent Repayment Plan - Consent to Disclosure of Tax Information	Form	Modified	Available
Att_1845-0017.Supporting Statement.60-day.03-05-2009.doc	Supporting Statement A	Uploaded 2009-05-08	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
22185	Direct Loan Income Contingent Repayment Plan - Consent to Disclosure of Tax Information	Form	Modified

ICR Details

OMB Control No: 1845-0017	ICR Reference No: 200905-1845-005
Status: Historical Active	Previous ICR Reference No: 200601-1845-005
Agency/Subagency: ED/FSA	Agency Tracking No: 3977
Title: Direct Loan Income Contingent Repayment Plan & Income-Based Repayment Plan - Consent to Disclosure of Tax Information
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: 06/30/2009
	Date Received in OIRA: 05/11/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2012	36 Months From Approved	06/30/2009
Responses	405,577	0	393,577
Time Burden (Hours)	81,115	0	78,716
Cost Burden (Dollars)	0	0	0

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Abstract: This form serves as the means by which a borrower who is repaying Direct Loan Program loans under the Income-Contingent Repayment (ICR) Plan or the Income-Based Repayment (IBR) Plan grants permission for the Internal Revenue Service (IRS) to provide the U.S. Department of Education (the Department) with a borrower's tax return information so that the Department can determine borrower eligibility and monthly loan payment amount for the ICR and IBR Plans. Under Direct Loan Program regulations, a borrower's tax information is used to calculate the monthly loan payment amount under the ICR and IBR plans.

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Authorizing Statute(s): US Code: 20 USC 1087e(d) 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:
	74 FR 10558	03/11/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 21788	05/11/2009
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Direct Loan Income Contingent Repayment Plan - Consent to Disclosure of Tax Information	N/A, N/A	Consent to Disclosure of Tax Information - LC ,   Consent to Disclosure of Tax Information - SC

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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	405,577	393,577	0	0	12,000	0
Annual Time Burden (Hours)	81,115	78,716	0	0	2,399	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: The availability of the Income-Based Repayment Plan effective July 1, 2009 is expected to increase the number of respondents for this collection.

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Annual Cost to Federal Government: $289,757

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)? No

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: 05/11/2009

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