Federal Direct Loan Program Regulations for Forbearance and Loan Rehabilitation

ICR 201908-1845-002

OMB: 1845-0119

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2019-10-30
IC Document Collections
ICR Details
1845-0119 201908-1845-002
Active 201608-1845-001
ED/FSA
Federal Direct Loan Program Regulations for Forbearance and Loan Rehabilitation
Extension without change of a currently approved collection   No
Regular
Approved without change 01/06/2020
Retrieve Notice of Action (NOA) 11/04/2019
  Inventory as of this Action Requested Previously Approved
01/31/2023 36 Months From Approved 01/31/2020
129,027 0 129,027
35,094 0 35,094
0 0 0

This information collection for the Direct Loan (DL) Program is related to regulations for dealing with defaulted loans and forbearance in §685.205 and reasonable and affordable loan rehabilitation in §685.211. We are requesting an extension of the current burden calculated for this information collection. These regulations provide additional flexibilities for Direct Loan borrowers and permit oral requests for forbearance, as well as allow a borrower to object to the initially established reasonable and affordable loan repayment amount. In addition, if a borrower incurs changes to his or her financial circumstances, the borrower can provide supporting documentation to change the amount of the reasonable and affordable loan monthly repayment amount. There has been no change to the regulatory language.

US Code: 20 USC 1087a Name of Law: Higher Education Act of 1965, as amended
  
None

Not associated with rulemaking

  84 FR 45133 08/28/2019
84 FR 59363 11/04/2019
Yes

1
IC Title Form No. Form Name
Federal Direct Loan Program Regulations for Forbearance and Loan Rehabilitation

  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 129,027 129,027 0 0 0 0
Annual Time Burden (Hours) 35,094 35,094 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
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.
11/04/2019


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