83C Change Sheet

83C for RPS-07-21-09.doc

William D. Ford Federal Direct Loan Program Repayment Plan Selection Form

83C Change Sheet

OMB: 1845-0014

Document [doc]
Download: doc | pdf

PAPERWORK REDUCTION ACT

CHANGE WORKSHEET



ED/FSA




OMB Control Number


1 8 4 5 - 0 0 1 4


Enter only items that change

Current Record


New Record

Agency form number(s)







Annual reporting and record keeping hour burden



Number of respondent

331,000

331,000

Total annual responses

331,000

331,000

Percent of these responses collected electronically


6%


6%

Total annual hours

109,230

109,230

Difference



Explanation of difference




Program change adjustment



Annual reporting and record keeping cost burden (in thousands of dollars)



Total annualized capital/startup costs

0

0

Total annual costs (O&M)

0

0

Total annualized cost requested

0

0

Difference



Explanation of difference




Program change adjustment



Other change**

Slight changes made to 1845-0014 are to include references to the Income-Based Repayment (IBR) Plan, which is mandated by the College Cost Reduction and Access Act (CCRAA) that makes IBR effective on July 1, 2009. The October 23, 2008, regulations implemented the IBR Plan that was established by the CCRAA. This second, follow-up 83-C request dated July 21, 2009, is to fix some typos regarding the accrual and capitalization information on forbearances issued for IBR borrowers, to eliminate potential confusion about forbearance options for ICR borrowers, and to clarify references to eligible and ineligible loans for IBR.


We do not expect any burden increase at this time for 0014. Roughly the same population of borrowers is involved, and no new collection of data is being requested from the borrower via this form.




Signature of Senior Official or designee:



Date:

For OIRA Use


_________________________________


_________________________________

**This form cannot be used to extend an expiration date

OMB 83-C

File Typeapplication/msword
File TitlePAPERWORK REDUCTION ACT
AuthorI.R.G.
Last Modified ByAuthorised User
File Modified2009-07-22
File Created2009-07-22

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