Federal Direct Loan Program Regulations for Forbearance and Loan Rehabilitation

ICR 201309-1845-004

OMB: 1845-0119

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2013-09-13
IC Document Collections
ICR Details
1845-0119 201309-1845-004
Historical Active 201307-1845-005
ED/FSA 1980.03
Federal Direct Loan Program Regulations for Forbearance and Loan Rehabilitation
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 10/24/2013
Retrieve Notice of Action (NOA) 09/17/2013
  Inventory as of this Action Requested Previously Approved
10/31/2016 36 Months From Approved
129,027 0 0
35,094 0 0
0 0 0

The William D. Ford Federal Direct Loan Program regulations are revised to make changes to the provisions related to forbearance, reasonable and affordable loan rehabilitation for defaulted borrowers, and administrative wage garnishment along with associated changes in burden. The changes to regulation expand the collection of information. The information collection requirements are necessary to determine eligibility to receive program benefits and to prevent fraud and abuse of program funds.

US Code: 20 USC 1087a Name of Law: Higher Education Act of 1965, as amended
  
None

1840-AD12 Final or interim final rulemaking 78 FR 45618 07/29/2013

No

1
IC Title Form No. Form Name
Federal Direct Loan Program Regulations for Forbearance and Loan Rehabilitation

  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 129,027 0 0 129,027 0 0
Annual Time Burden (Hours) 35,094 0 0 35,094 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
The regulations increase burden by 35,094 hours through program changes. The regulatory language changes provide additional flexibilities for Direct Loan borrowers and permit oral requests for forbearance, as well as an initial determination of a reasonable and affordable loan repayment amount. Also, if a borrower incurs changes to their financial circumstances, a request for redetermination of a reasonable and affordable repayment amount can be requested by providing supporting documentation.

$0
No
No
No
No
No
Uncollected
Beth Grebeldinger 202 708-8242

  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.
09/17/2013


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