The William D. Ford Federal Direct Loan (Direct Loan) Program General Forbearance Request serves as the means by which a Direct Loan borrower who is temporarily unable to make loan payments due to a financial hardship requests a forbearance on his or her loans. A forbearance is a temporary cessation of payments or a temporary reduction in the amount of a borrower's monthly loan payment.
US Code:
20 USC 1078(c)(3)
Name of Law: Higher Education Act of 1965, as amended
The burden change is an adjustment due to an increase in the number of borrowers entering repayment and requesting forbearance and the number of borrowers currently in forbearance who request an extension of forbearance.
$719,600
No
No
Uncollected
Uncollected
No
Uncollected
Jon Utz 202 377-4040
No
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.