William D. Ford Federal Direct Loan Program Repayment Plan Selection Form

Forms and Documents

Document Name	Status
William D. Ford Federal Direct Loan Program Repayment Plan Selection Form Form and Instruction	Modified
1845-0014 SuppState after 30-day 08242010.doc Supporting Statement A	2010-08-25

IC Document Collections

IC ID	Document Title	Status
22174	William D. Ford Federal Direct Loan Program Repayment Plan Selection Form Form and Instruction	Modified

ICR Details

OMB Control No: 1845-0014	ICR Reference No: 201008-1845-002
Status: Historical Active	Previous ICR Reference No: 200907-1845-018
Agency/Subagency: ED/FSA	Agency Tracking No: 4340
Title: William D. Ford Federal Direct Loan Program Repayment Plan Selection Form
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/04/2010
	Date Received in OIRA: 08/25/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2013	36 Months From Approved	11/30/2010
Responses	660,000	0	331,000
Time Burden (Hours)	217,800	0	109,230
Cost Burden (Dollars)	0	0	0

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Abstract: A Direct Loan Program borrower may use the Repayment Plan Selection form to select an initial repayment plan prior to entering repayment, or to request a change from the borrower's current repayment plan to a different repayment plan. For borrowers who select the Income Contingent Repayment (ICR) Plan or the Income-Based Repayment (IBR) Plan, the Repayment Plan Selection form also serves as the means by which the U.S. Department of Education collects the information needed to calculate the borrower's monthly payment amount and, in the case of the IBR Plan, the information needed to determine the borrower's initial eligibility to repay under this plan.

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Authorizing Statute(s): US Code: 20 USC 1087e(d) Name of Law: Higher Education Act of 1965, as amended
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 152 2201 Name of Law: Health Care and Education Reconciliation Act

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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:
	75 FR 34989	06/21/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 52317	08/25/2010
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
William D. Ford Federal Direct Loan Program Repayment Plan Selection Form	NA	Direct Loan Repayment Plan Selection

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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	660,000	331,000	329,000	0	0	0
Annual Time Burden (Hours)	217,800	109,230	108,570	0	0	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: There is an increase of 108,570 hours due to an expected increase in the number of respondents. This is a result of the Health Care and Education Reconciliation Act of 2010 (Public Law 111-152), which terminated the authority of lenders to make new FFEL Program loans effective July 1, 2010. This will increase the number of Direct Loans that are made, and with more Direct Loans being made there will be an increase of 329,000 respondents completing the Repayment Plan Selection form.

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Annual Cost to Federal Government: $718,184

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]? Yes

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? 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: 08/25/2010

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