US Department of Education Pre-Authorized Debit Account Brochure and Application

Forms and Documents

Document Name	Status
Electronic Debit Payment Option for Student Loans Form and Instruction	Modified
Att_1845-0025.Supp Statement.30-Day.06-11-2009.doc Supporting Statement A	2009-06-15

IC Document Collections

IC ID	Document Title	Status
22220	Electronic Debit Payment Option for Student Loans Form and Instruction	Modified

ICR Details

OMB Control No: 1845-0025	ICR Reference No: 200906-1845-003
Status: Historical Active	Previous ICR Reference No: 200605-1845-003
Agency/Subagency: ED/FSA	Agency Tracking No: 4003
Title: US Department of Education Pre-Authorized Debit Account Brochure and Application
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: 08/21/2009
	Date Received in OIRA: 06/17/2009
Terms of Clearance: Consistent with Education's plans to make this form electronically available by 2013, OMB fully expects an update on their progress upon the next resubmission of this form for OMB approval in 2012.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2012	36 Months From Approved	08/31/2009
Responses	1,600	0	1,900
Time Burden (Hours)	133	0	258
Cost Burden (Dollars)	0	0	0

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Abstract: The need for an Electronic Debit Account Program will give the borrower another option in which to repay federally funded student loans via automatic debit deductions from their checking or savings accounts.

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Authorizing Statute(s): US Code: 15 USC 1601 Name of Law: Consumer Credit Protection Act
  

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:
	74 FR 16372	04/10/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 28673	06/17/2009
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Electronic Debit Payment Option for Student Loans	N/A	PDA Application and Brochure

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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	1,600	1,900	0	0	-300	0
Annual Time Burden (Hours)	133	258	0	0	-125	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: We are reporting a decrease of 125 hours as an adjustment based on the current data showing the actual number of borrowers who have selected the PDA payment option during 2006, 2007, and 2008.

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Annual Cost to Federal Government: $170,000

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]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

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: 06/17/2009

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