Extension without change of a currently approved collection
No
Regular
10/20/2021
Requested
Previously Approved
36 Months From Approved
12/31/2021
958,240
958,240
76,665
76,665
0
0
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 an IBR plan.
This is a request for extension without change of the current
information collection 1845-0114.
US Code:
20
USC 1098e Name of Law: Higher Education Act of 1965, as
amended
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.