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
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.