Reaffirmation Agreement

Forms and Documents

Document Name	Status
Reaffirmation Agreement Form and Instruction	Modified
Reaffirmation Agreement Form and Instruction	Modified
Reaffirmation Agreement Form and Instruction	Modified
1845-0133 Supporting Statement Reaffirmation 30D FINAL.docx Supporting Statement A	2018-05-01

IC Document Collections

IC ID	Document Title	Status
216093	Reaffirmation Agreement Form and Instruction	Modified
216092	Reaffirmation Agreement Form and Instruction	Modified
214644	Reaffirmation Agreement Form and Instruction	Modified

ICR Details

OMB Control No: 1845-0133	ICR Reference No: 201802-1845-002
Status: Active	Previous ICR Reference No: 201501-1845-001
Agency/Subagency: ED/FSA	Agency Tracking No:
Title: Reaffirmation Agreement
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: 07/23/2018
	Date Received in OIRA: 05/04/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2021	36 Months From Approved	07/31/2018
Responses	13,156	0	28,880
Time Burden (Hours)	1,578	0	3,465
Cost Burden (Dollars)	0	0	0

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Abstract: The HEA provides for a maximum amount that a borrower can receive per year and in total. If a borrower receives more than one of these maximum amounts, the borrower is rendered 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) unless the borrower repays the excess amount or agreed 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.

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Authorizing Statute(s): US Code: 20 USC 1078-8(d) 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:
	83 FR 8859	03/01/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 19739	05/04/2018
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

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

	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	13,156	28,880	0	0	-15,724	0
Annual Time Burden (Hours)	1,578	3,465	0	0	-1,887	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 is a revision to the current collection. This adjustment is due to fewer than anticipated forms being filed. This form simplifies and standardizes the reaffirmation process for the borrower, institutions, and loan holder. It will also ensure continued enforceability of the student loan thereby maintaining fiscal accountability to the federal program and the taxpayer. The revised burden hours are 1,052 for 12,446 respondents for a savings of 1,887 hours. The reduction in burden is due to less respondents. The change in simplifying form did not result in a program change.

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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? 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: 05/04/2018

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