These forms serve as the means by
which a borrower may request forbearance of repayment on his or her
William D. Ford Federal Direct Loan (Direct Loan) or Federal Family
Education Loan (FFEL) Program loans based on participation in an
eligible internship/residency program, national guard duty,
receiving benefits under the Department of Defense's Student Loan
Repayment Program, or having a federal education loan debt burden
that equals or exceeds 20 percent of the borrower's monthly gross
income. The U.S. Department of Education and FFEL Program lenders
and servicers use the information collected on these forms to
determine whether a borrower meets the eligibility requirements for
the specific forbearance type that the borrower has requested. This
collection is being revised so that it may be used by both the
Direct Loan and FFEL Programs and also expands one of the mandatory
forbearance forms to include additional mandatory forbearances; as
a result additional data elements have been added to support the
additional forbearances.
US Code:
20 USC 1087 e(a)(1) Name of Law: Higher Education Act of 1965m
as amended
The burden is increasing for
two reasons. First, the forms will now be used by both Direct Loan
and FFEL Program borrowers, whereas the last former submission was
only used by Direct Loan Program borrowers. Second, the mandatory
forbearance form that formerly included only the
internship/residency forbearance will now also include the
mandatory forbearances for those serving on national guard duty as
well as those that receive benefits under the Department of
Defense's Student Loan Repayment Program, which necessitates
additional data elements.
$0
No
No
No
No
No
Uncollected
Ian foss 202 275-4552
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.