Federal Direct Consolidation Loan Program Application Documents

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 1845-0053 Federal Direct Consolidation Loan Add Loan Listing Sheet	Form and Instruction	Modified	Available
Form 1845-0053 Federal Direct Consolidation Loan Application and Promissory Note	Form	Modified	Available
Form 1845-0053 Federal Direct Consolidation Loan Request to Add Loans	Form and Instruction	Unchanged	Available
Form 1845-0053 Federal Direct Consolidation Loan Verification Certificate	Form and Instruction	Unchanged	Available
Signed 83C form 1845-0053 Sept 2017.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2017-09-11	Available
1845-0053_SuppSt_30-Day_20160223.docx	Supporting Statement A	Uploaded 2016-02-23	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
22301	Federal Direct Consolidation Loan Program Application Documents	Form and Instruction	Modified	Federal Direct Consolidation Loan Add Loan Listing Sheet
22301	Federal Direct Consolidation Loan Program Application Documents	Form	Modified	Federal Direct Consolidation Loan Application and Promissory Note
22301	Federal Direct Consolidation Loan Program Application Documents	Instruction	Modified
181525	Federal Direct Consolidation Loan Request to Add Loans	Form and Instruction	Unchanged	Federal Direct Consolidation Loan Request to Add Loans
181524	Direct Consolidation Loan Loan Verification Certificate	Form and Instruction	Unchanged	Federal Direct Consolidation Loan Verification Certificate

ICR Details

OMB Control No: 1845-0053	ICR Reference No: 201709-1845-006
Status: Historical Active	Previous ICR Reference No: 201512-1845-005
Agency/Subagency: ED/FSA	Agency Tracking No:
Title: Federal Direct Consolidation Loan Program Application Documents
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/20/2017
Retrieve Notice of Action (NOA)	Date Received in OIRA: 09/11/2017
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2019	04/30/2019	04/30/2019
Responses	3,454,476	0	3,454,476
Time Burden (Hours)	817,429	0	817,429
Cost Burden (Dollars)	0	0	0

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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.

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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

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

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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

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

table that charts list of burden

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

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ICR Summary of Burden

table that charts list 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	3,454,476	0	0	0	0
Annual Time Burden (Hours)	817,429	817,429	0	0	0	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.

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Annual Cost to Federal Government: $0

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

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

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Common Form ICR:  No

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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: 09/11/2017

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