William D. Ford Federal Direct Loan Program (DL) Regulations - Servicemembers Civil Relief Act (SCRA)

ICR 200910-1845-001

OMB: 1845-0094

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2009-11-17
Supporting Statement A
2009-10-01
ICR Details
1845-0094 200910-1845-001
Historical Active
ED/FSA 4056
William D. Ford Federal Direct Loan Program (DL) Regulations - Servicemembers Civil Relief Act (SCRA)
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 11/17/2009
Retrieve Notice of Action (NOA) 10/06/2009
  Inventory as of this Action Requested Previously Approved
11/30/2012 36 Months From Approved
4,500 0 0
743 0 0
0 0 0

The William D Ford Federal Direct Loan Program final regulations revise current regulations in areas of program administration. The proposed regulations assure the Secretary that the integrity of the program is protected form fraud and misuse of program funds. The proposed regulations would provide that upon a loan holder’s receipt of a written request from a borrower and a copy of the borrower’s military orders, the maximum interest rate that may be charged on Stafford loans made prior to entering active military duty is six percent while on active duty.

US Code: 20 USC 1078 Name of Law: Higher Education Act of 1965, as amended
  
US Code: 20 USC 1078 &1087-1 Name of Law: Higher Education Act of 1965, as amended

1840-AC98 Final or interim final rulemaking 74 FR 55972 10/29/2009

  74 FR 37698 07/29/2009
74 FR 50960 10/02/2009
No

  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 4,500 0 4,500 0 0 0
Annual Time Burden (Hours) 743 0 743 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The final regulations would provide that upon a loan holder’s receipt of a written request from a borrower and a copy of the borrower’s military orders, the maximum interest rate that may be charged on Stafford loans made prior to entering active military duty is six percent while on active duty.

$0
No
No
Uncollected
Uncollected
No
Uncollected
Dan Klock 202 377-4026

  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.
10/06/2009


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