Federal Family Education Loan Program Federal Consolidation Loan Application and Promissory Note

Forms and Documents

Document Name	Status
Federal Consolidation Loan Verification Certificate Form and Instruction	Modified
Form #1845-0036 FFELP Request to Add Loans to a Federal Consolidation Loan Form and Instruction	Modified
Federal Consolidation Loan Application and Promissory Note/Additional Loan Listing Sheet Form	Modified
Supp Statement.30-day.01-29-2010.doc Supporting Statement A	2010-01-29

IC Document Collections

IC ID	Document Title	Status
45703	Federal Consolidation Loan Verification Certificate Form and Instruction	Modified
45702	FFELP Request to Add Loans to a Federal Consolidation Loan Form and Instruction	Modified
22251	Federal Consolidation Loan Application and Promissory Note/Additional Loan Listing Sheet Form	Modified

ICR Details

OMB Control No: 1845-0036	ICR Reference No: 201001-1845-007
Status: Historical Active	Previous ICR Reference No: 200612-1845-001
Agency/Subagency: ED/FSA	Agency Tracking No: 4175
Title: Federal Family Education Loan Program Federal Consolidation Loan Application and Promissory Note
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: 04/05/2010
	Date Received in OIRA: 01/29/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2013	36 Months From Approved	04/30/2010
Responses	326,584	0	3,970,050
Time Burden (Hours)	117,527	0	1,430,175
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Consolidation Loan Application and Promissory Note serves as the means by which a borrower applies for a Federal Consolidation Loan and promises to repay the loan. Related documents included as part of this collection are (1)Additional Loan Listing Sheet (provides additional space for a borrower to list loans that he or she wishes to consolidate, if there is insufficient space on the Federal Consolidation Loan Application and Promissory Note); (2) Request to Add Loans (serves as the means by which a borrower may add other loans to an existing Federal Consolidation Loan within a specified time period); and (3) Loan Verification Certificate (serves as the means by which a consolidating lender obtains the information needed to pay off the holders of the loans that the borrower wants to consolidate).

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Authorizing Statute(s): US Code: 20 USC 1078-3 Name of Law: Title IV, Part B of the Higher Education Act of 1965, as amended (the HEA)
  

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 60247	11/20/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 4794	01/29/2010
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
FFELP Request to Add Loans to a Federal Consolidation Loan	#1845-0036	FFELP Request to Add Loans to a Federal Consolidation Loan (180- day add on provision)
Federal Consolidation Loan Verification Certificate	N/A	Loan Verification Certificate
Federal Consolidation Loan Application and Promissory Note/Additional Loan Listing Sheet	N/A, N/A, N/A	Federal Consolidated Loan Application Application and Promissory Note Custom ,   Federal Consolidated Loan Application and Promissory Note Standard ,   Additional Listing Sheet for the Federal Consolidation Loan Application and Promissory Note

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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	326,584	3,970,050	0	0	-3,643,466	0
Annual Time Burden (Hours)	117,527	1,430,175	0	0	-1,312,648	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: Since the previous submission for this collection, there has a been a significant decrease in the number of FFEL Program lenders that make Federal Consolidation Loans. Accordingly, there has been a corresponding decrease in the hour burden.

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Annual Cost to Federal Government: $0

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: 01/29/2010

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