Federal Direct Loan Program and Federal Family Education Loan Program Teacher Loan Forgiveness Forms

ICR 202306-1845-002

OMB: 1845-0059

Federal Form Document

Forms and Documents
ICR Details
1845-0059 202306-1845-002
Received in OIRA 202003-1845-003
ED/FSA ED-2023-SCC-0106
Federal Direct Loan Program and Federal Family Education Loan Program Teacher Loan Forgiveness Forms
Extension without change of a currently approved collection   No
Regular 09/07/2023
  Requested Previously Approved
36 Months From Approved 09/30/2023
8,700 8,700
2,871 2,871
0 0

Sections 460 and 428J of the Higher Education Act of 1965, as amended (HEA) provide for teacher loan forgiveness in William D. Ford Federal Direct Loan (Direct Loan) Program and the Federal Family Education Loan (FFEL) Program. Borrowers who teach for five consecutive years at schools or educational service agencies serving low-income families and meet certain other requirements may receive up to $17,500 in loan forgiveness. The teacher loan forgiveness regulations at 34 CFR 685.217 (for the Direct Loan Program) and 34 CFR 682.216 (for the FFEL Program) require borrowers to provide their loan holders with documentation establishing their eligibility for teacher loan forgiveness and for teacher loan forgiveness forbearance. The U.S. Department of Education (ED) is requesting an extension of the currently approved forms. To reflect regulatory changes made by a final rule published on November 1, 2022 (87 FR 65904), we have updated language related to the capitalization of unpaid interest that accrues during periods of forbearance. ED is otherwise making no substantive changes to the language in either of the two currently approved forms, and there are no changes to the data elements.

US Code: 20 USC 1078-10 Name of Law: Higher Education Act of 1995, as amended

Not associated with rulemaking

  88 FR 39835 06/20/2023
88 FR 61579 09/07/2023

  Total Request 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 8,700 8,700 0 0 0 0
Annual Time Burden (Hours) 2,871 2,871 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0

Beth Grebeldinger 202 708-8242


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