Federal Family Education Loan (FFEL) Program Income Based Repayment (IBR) Plan Request and Alternative Documentation of Income

ICR 201402-1845-001

OMB: 1845-0102

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Justification for No Material/Nonsubstantive Change
2014-02-19
Supplementary Document
2012-11-30
Supporting Statement A
2012-11-30
ICR Details
1845-0102 201402-1845-001
Historical Active 201210-1845-002
ED/FSA 1466.05
Federal Family Education Loan (FFEL) Program Income Based Repayment (IBR) Plan Request and Alternative Documentation of Income
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 03/18/2014
Retrieve Notice of Action (NOA) 02/19/2014
  Inventory as of this Action Requested Previously Approved
11/30/2015 11/30/2015 11/30/2015
3,159,132 0 3,159,132
1,042,514 0 1,042,514
0 0 0

This form serves as the means by which borrowers in the William D. Ford Federal Direct Loan (Direct Loan) and Federal Family Education Loan (FFEL) Programs may request an Income-Based or Income-Contingent Repayment Plans if they meet certain statutory and regulaotry criteria. The U.S. Department of Education uses the information collected on these forms to determine whether a borrower meets the eligibility requirements for the specific Income-Based or Income-Contingent Repayment Plan that the borrower has requested. The burden hours associated with this collection is increasing for one reason; namely, that the collection is being combined with all Income-Based or Income-Contingent mateials contained in the soon-to-be revised 1845-0014 (Direct Loan Repayment Plan Selection Form) and soon-to-be discontinued 1845-0016 (Direct Loan IBR/ICR Alternative Documentation of Income Form), so that the forms associated with this collection may be used in both the FFEL and Direct Loan Program. However, because the form has been greatly streamlined, there is a significant burden reduction associated with this clearance that is masked by the increased respondent population.

US Code: 20 USC 1098e Name of Law: Higher Education Act of 1965, as amended
  
None

Not associated with rulemaking

  77 FR 47374 08/08/2012
77 FR 65372 10/26/2012
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 3,159,132 3,159,132 0 0 0 0
Annual Time Burden (Hours) 1,042,514 1,042,514 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$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.
02/19/2014


© 2021 OMB.report | Privacy Policy