1845-0053 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	     242,200
Total annual responses	     897,050	     907,200
Percent of these responses collected electronically	     77%	     No change
Total annual hours	     322,629	     326,704
Difference		     4,075
Explanation of difference Program Change		4,075     
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) established the Public Service Loan Forgiveness Program in §455(m) of the Higher Education Act of 1965, as amended (the HEA) for student loan borrowers under the William D. Ford Federal Direct Loan (Direct Loan) Program. The CCRAA also amended §428C of the HEA to allow borrowers under the Federal Family Education Loan (FFEL) Program to consolidate their loans into the Direct Loan Program to take advantage of this new loan forgiveness benefit. Final regulations implementing the Public Service Loan Forgiveness Program were published on October 23, 2008 (73 FR 63232). The U.S. Department of Education expects that the provision allowing FFEL Program borrowers to consolidate their loans into the Direct Loan Program to take advantage of the Public Service Loan Program will increase the number of respondents and the burden hours associated with OMB Control Number 1845-0053 (Direct Consolidation Loan Application and Promissory Note). Accordingly, we are reporting the expected increase on this Change Worksheet. The changes reported above are explained in an attachment to this 83C.
Signature of Senior Officer or designee:      	Date:      10/31/2008	For OIRA Use            

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

OMB 83-C