OMB83 C

PAPERWORK REDUCTION ACT

CHANGE WORKSHEET

Agency/Subagency      U.S. Department of Education, Federal Student Aid		OMB Control Number     -    1845-0053
Enter only items that change Current Record New Record
Agency form number(s)	     N/A	     
Annual reporting and record keeping hour burden
Number of respondents	     239,050	     No change239,050
Total annual responses	     897,050	     No change897,050
Percent of these responses collected electronically	     77%	     No change77%
Total annual hours	     322,629	     No change322,629
Difference		     N/A0
Explanation of difference Program Change		     N/A
Adjustment		     N/A
Annual reporting and record keeping cost burden (in thousands of dollars)
Total annualized capital/startup costs	     0	     No change
Total annual costs (O&M)	     0	     No change
Total annualized cost requested	     0	     No change
Difference		     No change
Explanation of difference Program Change		     N/A
Adjustment		     N/A
Other change**      The College Cost Reduction and Access Act of 2007 (CCRAA) (Public Law 110-84), which was signed into law on September 27, 2007, and final regulations published on November 1, 2007 (72 FR 61960) made several changes to the terms and conditions of Federal Direct Consolidation Loans under the William D. Ford Federal Direct Loan Program. Because of the timing of the enactment of the CCRAA and the publication of the final regulations, the U.S. Department of Education (the Department) was unable to incorporate these statutory and regulatory changes into the Federal Direct Consolidation Loan Application and Promissory Note prior to OMB’s approval of this document and associated forms on 11/27/2007. For this reason, the Department is now requesting approval to amend the Federal Direct Consolidation Loan Application and Promissory Note to reflect the changes made by the CCRAA and the November 1, 2007 regulations. The requested changes are limited in scope and do not affect the burden associated with this collection. The changes associated with the CCRAA are limited to basic statutory requirements that do not require implementing regulations. The two regulatory changes resulted from regulations developed under the negotiated rulemaking process. The proposed changes are listed in an attachment to this Change Worksheet and are also highlighted in the attached revised Federal Direct Consolidation Loan Application and Promissory Note. (NOTE: This collection includes five separate documents: Federal Direct Consolidation Loan Application and Promissory Note, Federal Direct Consolidation Loan Instructions for Application and Promissory Note, Federal Direct Consolidation Loan Additional Loan Listing Sheet, Federal Direct Consolidation Loan Request to Add Loans, and Federal Direct Consolidation Loan Verification Certificate. However, changes are needed only on the Federal Direct Consolidation Loan Application and Promissory Note.)
Signature of Senior Officer or designee:      	Date:      03-10-2008	For OIRA Use            

**This form cannot be used to extend an expiration date

OMB 83-C