Income Based Repayment - Notifications

Forms and Documents

Document Name	Status
1845-0114 Response to your public comment on income based repayment notifications.msg Supplementary Document	2015-08-26
60D_FRN_1845-0114.pdf Supplementary Document	2015-07-09
1845-0114 Supporting Statement A 8 26 15.docx Supporting Statement A	2015-08-26

IC Document Collections

IC ID	Document Title	Status
217386	Income Based Repayment Notifications - For Profit Institutions Other-For Profit Institutions	New
217385	Income Based Repayment notifications - Private Institutions Other-Private sector	New
202423	Income Based Repayment Notifications -Public Affected Parties Other-Public Affected Parties	Modified

ICR Details

OMB Control No: 1845-0114	ICR Reference No: 201507-1845-002
Status: Historical Active	Previous ICR Reference No: 201302-1845-001
Agency/Subagency: ED/FSA	Agency Tracking No:
Title: Income Based Repayment - Notifications
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/22/2015
	Date Received in OIRA: 09/04/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2018	36 Months From Approved	10/31/2015
Responses	2,894,005	0	290,268
Time Burden (Hours)	231,520	0	23,221
Cost Burden (Dollars)	0	0	0

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Abstract: The Higher Education Act of 1965 , as amended (HEA), established the Federal Family Education Loan (FFEL) Program under Title IV, Part B. Section 493C (20 U.S.C. 1098e) of the HEA authorizes income based repayment for Part B borrowers who have a partial financial hardship. The regulations in 34 CFR 682.215(e)(2) require notifications to borrowers from the loan holders once a borrower establishes a partial financial hardship and is placed in an income based repayment (IBR) plan by the loan holder. The regulations identify information the loan holder must provide to the borrower to continue to participate in IBR plan. This is a request for an extension of the current information collection #1845-0114 since there has been no change to the collection.

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Authorizing Statute(s): US Code: 20 USC 1001 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:
	80 FR 35946	06/23/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 53143	09/02/2015
Did the Agency receive public comments on this ICR? Yes

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

IC Title	Form No.	Form Name
Income Based Repayment notifications - Private Institutions
Income Based Repayment Notifications - For Profit Institutions
Income Based Repayment Notifications -Public Affected Parties

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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	2,894,005	290,268	0	0	2,603,737	0
Annual Time Burden (Hours)	231,520	23,221	0	0	208,299	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 an extension of the current collection. There is no change to the collection other than an increase in the number of respondents, responses, and burden hours. The adjustment in burden is due to the increase in the number of borrowers who may qualify to participate in IRB and are therefore required to have the notifications sent to them on an annual basis. This extension request includes 2,603,737 additional responses for 208,299 additional burden hours. (Note that for this ICR, the approved burden that was previously assigned to an individuals IC has been reassigned proportionally among the FFEL loan holder types. The reassignment as well as the increase are considered an adjustment. )

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Annual Cost to Federal Government: $0

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]? 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: 09/04/2015

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