Federal Direct PLUS Loan Application and Master Promissory Note, and Endorser Addendum

Forms and Documents

Document Name	Status
Att_DL PLUS MPN Rev HERA. Additonal Changes.08-03-2007.doc Supplementary Document	2007-08-07
1845-0068.OMB Comments.ED Response.08-06-2007.doc Supplementary Document	2007-08-07
DL PLUS MPN Rev HERA Supporting Statement.doc Supporting Statement A	2007-06-06

IC Document Collections

IC ID	Document Title	Status
22329	Federal Direct PLUS Loan Application and Master Promissory Note Other-Master Promissory Note and Instructions	Modified
180539	Endorsor Addendum Other-Endorser Addendum	New

ICR Details

OMB Control No: 1845-0068	ICR Reference No: 200706-1845-001
Status: Historical Active	Previous ICR Reference No: 200602-1845-001
Agency/Subagency: ED/FSA	Agency Tracking No: 3374
Title: Federal Direct PLUS Loan Application and Master Promissory Note, and Endorser Addendum
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 08/10/2007
	Date Received in OIRA: 06/08/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2010	36 Months From Approved	03/31/2008
Responses	254,375	0	230,625
Time Burden (Hours)	127,188	0	115,313
Cost Burden (Dollars)	0	0	0

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Abstract: The PLUS MPN is the means by which an individual applies for and agrees to repay a Federal Direct PLUS Loan. If an applicant for a Federal Direct PLUS Loan is determined to have an adverse credit history and obtains an endorser, the Endorser Addendum is the means by which an endorser agrees to repay the loan if the borrower does not repay it.

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Authorizing Statute(s): US Code: 20 USC 1087e(i), 1078-2(a)(1)(A) Name of Law: Higher Education Act of 1965, as amended
  

Citations for New Statutory Requirements: PL: Pub.L. 109 - 171 8005(c) Name of Law: Higer Education Reconciliation Act of 2005

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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:
	71 FR 45666	08/09/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 31816	06/08/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Federal Direct PLUS Loan Application and Master Promissory Note
Endorsor Addendum

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ICR Summary 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	254,375	230,625	0	23,750	0	0
Annual Time Burden (Hours)	127,188	115,313	0	11,875	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The Higher Education Reconciliation Act of 2005 extended eligibility for Federal Direct PLUS Loans to graduate and professional students. Previously, Federal Direct PLUS Loans were available only to parents of dependent undergraduate students. This change increased the number of Direct PLUS Loan borrowers. There is no decrease in hours although ROCIS is reporting a decrease.

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Annual Cost to Federal Government: $0

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

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: 06/08/2007

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