Federal Direct Consolidation Loan Program Application Documents

Forms and Documents

Document Name	Status
Form 1845-0053 Federal Direct Consolidation Loan Request to Add Loans Form and Instruction	Modified
Form 1845-0053 Direct Consolidation Loan Loan Verification Certificate Form and Instruction	Modified
1845-0053_SuppSt_30-Day_20160223.docx Supporting Statement A	2016-02-23

IC Document Collections

IC ID	Document Title	Status
22301	Federal Direct Consolidation Loan Program Application Documents Instruction	Modified
181525	Federal Direct Consolidation Loan Request to Add Loans Form and Instruction	Modified
181524	Direct Consolidation Loan Loan Verification Certificate Form and Instruction	Modified

ICR Details

OMB Control No: 1845-0053	ICR Reference No: 201512-1845-005
Status: Historical Active	Previous ICR Reference No: 201402-1845-006
Agency/Subagency: ED/FSA	Agency Tracking No:
Title: Federal Direct Consolidation Loan Program Application Documents
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 04/12/2016
	Date Received in OIRA: 02/23/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2019	36 Months From Approved	04/30/2016
Responses	3,454,476	0	2,430,000
Time Burden (Hours)	817,429	0	575,100
Cost Burden (Dollars)	0	0	0

---

Abstract: This is collection of information includes the following documents: (1) Federal Direct Consolidation Loan Application and Promissory Note (Application and Promissory Note); (2) Instructions for Completing the Federal Direct Consolidation Loan Application and Promissory Note (Instructions); (3)Additional Loan Listing Sheet; (4) Request to Add Loans; and (5) Loan Verification Certificate (LVC). The Application and Promissory Note serves as the means by which a borrower applies for a Federal Direct Consolidation Loan and promises to repay the loan. The Instructions explain to the borrower how to complete the Application and Promissory Note. The Additional Loan Listing Sheet provides additional space for a borrower to list loans that he or she wishes to consolidate, if there is insufficient space on the Application and Promissory Note. The Request to Add Loans serves as the means by which a borrower may add other loans to an existing Federal Direct Consolidation Loan within a specified time period. The LVC serves as the means by which the U.S. Department of Education obtains the information needed to pay off the holders of the loans that the borrower wants to consolidate. This revision updates the forms to reflect regulatory changes, and revises language for greater clarity.

---

Authorizing Statute(s): US Code: 20 USC 1087e(g) Name of Law: Higher Education Act of 1965, as amended
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 79037	12/18/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 8701	02/22/2016
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Federal Direct Consolidation Loan Request to Add Loans	1845-0053	Federal Direct Consolidation Loan Request to Add Loans
Federal Direct Consolidation Loan Program Application Documents	1845-0053, 1845-0053	Federal Direct Consolidation Loan Add Loan Listing Sheet ,   Federal Direct Consolidation Loan Application and Promissory Note
Direct Consolidation Loan Loan Verification Certificate	1845-0053	Federal Direct Consolidation Loan Verification Certificate

---

ICR Summary of Burden

	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	3,454,476	2,430,000	0	0	1,024,476	0
Annual Time Burden (Hours)	817,429	575,100	0	0	242,329	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: ED is reporting an increase of 242,329 as an adjustment, due to an increase in the number of individuals completing the Direct Consolidation Loan Application and Promissory Note. Although it is not possible to definitively explain the reason for the increase, it may be attributable to an increase in the number of borrowers with FFEL Program loans who wish to consolidate to take advantage of certain benefits that are available only for Direct Loans.

---

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 02/23/2016

---