Federal Stafford Loan Master Promissory Note (JS)

ICR 200805-1845-005

OMB: 1845-0006

Federal Form Document

ICR Details
1845-0006 200805-1845-005
Historical Active 200601-1845-003
ED/FSA 3551
Federal Stafford Loan Master Promissory Note (JS)
Revision of a currently approved collection   No
Regular
Approved with change 07/09/2008
Retrieve Notice of Action (NOA) 05/19/2008
  Inventory as of this Action Requested Previously Approved
07/31/2011 36 Months From Approved 07/31/2008
3,123,451 0 2,959,380
2,297,415 0 2,219,535
0 0 0

The Federal Stafford Loan MPN serves as the means by which an individual agrees to repay a Federal Stafford Loan. The School Certification form serves as the means by which a school that participates in the FFEL Program certifies a borrower's eligibility for a Federal Stafford Loan if the school does not certify eligibility electronically.

US Code: 20 USC 1087(c)(1) Name of Law: Higher Education Act of 1965, as amended
  
None

Not associated with rulemaking

  72 FR 73339 12/27/2007
73 FR 28809 05/19/2008
Yes

  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 3,123,451 2,959,380 0 164,071 0 0
Annual Time Burden (Hours) 2,297,415 2,219,535 0 77,880 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
Yes
Miscellaneous Actions
ED is reporting an upward adjustment of 77,880 hours due to an increase in the number of respondents since the previous submission. In addition, the burden hour estimate reported with the previous submission did not include the paper Federal Stafford Loan School Certification form.

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Jon Utz 202 377-4040

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
05/19/2008


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