Temporary Expansion of Public Service Loan Forgiveness (TE-PSLF)

ICR 201805-1845-003

OMB: 1845-0151

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
1845-0151 201805-1845-003
Historical Active
ED/FSA
Temporary Expansion of Public Service Loan Forgiveness (TE-PSLF)
New collection (Request for a new OMB Control Number)   No
Emergency 05/22/2018
Approved without change 05/22/2018
Retrieve Notice of Action (NOA) 05/22/2018
This emergency collection is approved for six months. If the Department intends to use this past the six month approval, they must resubmit for clearance under the full Paperwork Reduction Act process.
  Inventory as of this Action Requested Previously Approved
11/30/2018 6 Months From Approved
10,899 0 0
4,380 0 0
0 0 0

This is a request for an emergency clearance to enable FSA to ensure that the required operational changes can be implemented to allow for the benefits to be available to federal student loan borrowers as well as to remain in compliance with the statutory requirements. Section 315 of Title III, Division H in the Consolidation Appropriations Act, 2018, (Pub. L. No. 115-141) included a provision for ED to implement “. . . a simple method for borrowers to apply for loan cancellation. . .” under a temporary expansion of the PSLF program. The Consolidation Appropriations Act, 2018, required ED to implement an application process within 60 days of enactment. To meet that requirement, we are requesting emergency clearance by May 21, 2018. We are also requesting the initiation of the full clearance review to allow for public comment on the process. ED is requesting a new collection to be used to obtain information from federal student loan borrowers to make a determination of their eligibility for participation in the loan forgiveness mandated by the new appropriations law. This loan forgiveness is only available to Direct Loan borrowers who otherwise qualify for Public Service Loan Forgiveness (PSLF) and meet other new requirements. Loan borrowers who otherwise qualify for Public Service Loan Forgiveness (PSLF) and meet other new requirements.
This is a request for an emergency clearance to enable FSA to ensure that the required operational changes can be implemented to allow for the benefits to be available to federal student loan borrowers as well as to remain in compliance with the statutory requirements. Section 315 of Title III, Division H in the Consolidation Appropriations Act, 2018, (Pub. L. No. 115-141) included a provision for ED to implement “. . . a simple method for borrowers to apply for loan cancellation. . .” under a temporary expansion of the PSLF program. The Consolidation Appropriations Act, 2018, required ED to implement an application process within 60 days of enactment. To meet that requirement, we are requesting emergency clearance by May 21, 2018. We are also requesting the initiation of the full clearance review to allow for public comment on the process.

PL: Pub.L. 115 - 141 315 Name of Law: Consolidation Appropriation Act, 2018
  
None

Not associated with rulemaking

No

1
IC Title Form No. Form Name
Temporary Expansion of Public Service Loan Forgiveness (TE-PSLF)

  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 10,899 0 0 10,899 0 0
Annual Time Burden (Hours) 4,380 0 0 4,380 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
This is a new ICR. The Consolidated Appropriations Act, 2018 created the Temporary Expansion of the Public Service Loan Forgiveness (TE-PSLF) program, and requires the Department to implement an application process for the program 60 days from enactment. The Department anticipates 10,899 borrowers to request participation for a total burden of 4,380 hours.

$0
No
    Yes
    Yes
Yes
No
No
Uncollected
Beth Grebeldinger 202 708-8242

  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.
05/22/2018


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