Reaffirmation Agreement

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Reaffirmation Agreement	Form and Instruction	Modified	Available
Reaffirmation Agreement	Form and Instruction	Modified	Repair queued
Reaffirmation Agreement	Form and Instruction	Modified	Available
Reaffirmation Agreement	Form and Instruction	Modified	Repair queued
Reaffirmation Form	Form and Instruction	Modified	Available
Reaffirmation Agreement	Form and Instruction	Modified	Repair queued
1845-0133 comment response 20240605.pdf	Supplementary Document	Uploaded 2024-06-05	Repair queued
1845-0133 30D Supporting Statement 20240605 rev.docx	Supporting Statement A	Uploaded 2024-06-05	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
216093	Reaffirmation Agreement	Form and Instruction	Modified	Reaffirmation Agreement
216093	Reaffirmation Agreement	Form and Instruction	Modified
216092	Reaffirmation Agreement	Form and Instruction	Modified	Reaffirmation Agreement
216092	Reaffirmation Agreement	Form and Instruction	Modified
214644	Reaffirmation Agreement	Form and Instruction	Modified	Reaffirmation Form
214644	Reaffirmation Agreement	Form and Instruction	Modified

ICR Details

OMB Control No: 1845-0133	ICR Reference No: 202404-1845-001
Status: Active	Previous ICR Reference No: 202102-1845-002
Agency/Subagency: ED/FSA	Agency Tracking No: ED-2024-SCC-0054
Title: Reaffirmation Agreement
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/25/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/11/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2027	36 Months From Approved	09/30/2024
Responses	8,594	0	12,110
Time Burden (Hours)	1,032	0	1,453
Cost Burden (Dollars)	0	0	0

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Abstract: The Higher Education Act of 1965, as amended (HEA), established the Federal Family Education Loan (FFEL) Program, and the William D. Ford Federal Direct Loan (Direct Loan) Program under Title IV, Parts B and D respectively. The HEA provides for a maximum loan amount that a borrower can receive per year and in total. If a borrower receives more than the maximum amount, the borrower becomes ineligible for further Title IV aid (including Federal Pell Grants, Federal Supplemental Educational Opportunity Grants, Federal Work-Study, and Teacher Education Assistance for Higher Education (TEACH) Grants, Iraq and Afghanistan Service Grants) unless the borrower repays the excess amount or agrees to repay the excess amount according to the terms and conditions of the promissory note that the borrower signed. Agreeing to repay the excess amount according to the terms and conditions of the promissory note that the borrower signed is called reaffirmation, which is the subject of this collection. This renewal without change of the information collection is necessary for the Department of Education (the Department), as a holder of some FFEL Program loans and all Direct Loans, and all FFEL Program lenders to capture the borrowers formal agreement to repay any excess amount of FFEL or Direct Loan program loans that the borrower received according to the terms and conditions of the promissory note the borrower signed. The form has not been changed since its last update.

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Authorizing Statute(s): US Code: 20 USC 1078-8 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:
	89 FR 23565	04/04/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 49164	06/11/2024
Did the Agency receive public comments on this ICR? Yes

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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
Reaffirmation Agreement	N/A	Reaffirmation Form
Reaffirmation Agreement	N/A	Reaffirmation Agreement
Reaffirmation Agreement	N/A	Reaffirmation Agreement

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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	8,594	12,110	0	0	-3,516	0
Annual Time Burden (Hours)	1,032	1,453	0	0	-421	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: This adjustment is due to fewer than anticipated forms being filed. This form simplified and standardized the reaffirmation process for the borrower, institutions and loan holders. It also ensures continued enforceability of the student loan thereby maintaining fiscal accountability to the federal program and the taxpayer. The adjusted burden hours are 1,032, for 8,594 respondents for a savings of 421 hours.

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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? No

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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: 06/11/2024

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