William D. Ford Federal Direct Loan (Direct Loan)Program: Internship/Residency and Loan Debt Burden Forbearance Forms

ICR 201204-1845-003

OMB: 1845-0018

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supporting Statement A
2012-07-23
IC Document Collections
ICR Details
1845-0018 201204-1845-003
Historical Active 200903-1845-003
ED/FSA 4798
William D. Ford Federal Direct Loan (Direct Loan)Program: Internship/Residency and Loan Debt Burden Forbearance Forms
Revision of a currently approved collection   No
Regular
Approved without change 07/23/2012
Retrieve Notice of Action (NOA) 05/21/2012
  Inventory as of this Action Requested Previously Approved
07/31/2015 36 Months From Approved 07/31/2012
25,842 0 5,115
5,814 0 1,023
0 0 0

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
  
None

Not associated with rulemaking

  77 FR 9905 02/21/2012
77 FR 29988 05/21/2012
Yes

  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 25,842 5,115 0 20,727 0 0
Annual Time Burden (Hours) 5,814 1,023 0 4,791 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
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.
05/21/2012


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