Borrowers who have defaulted on their
Direct Loan or FFEL Program loans may remove those loans from
default through a process called rehabilitation. Loan
rehabilitation requires the borrower to make 9 payments within 10
months. The payment amount is set according to one of two formulas.
The second of the two formulas uses the information that is
collected in this form. The form is being revised to make it easier
for borrowers to complete by either eliminating unnecessary
language or simplifying language already on the form.
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.