William D. Ford Federal Direct Loan Program (Direct Loan Program) Promissory Notes
No material or nonsubstantive change to a currently approved collection
No
Regular
11/18/2021
Requested
Previously Approved
07/31/2022
07/31/2022
9,862,685
9,862,685
4,021,665
4,021,665
0
0
Federal Student Aid (FSA) is requesting a change to the approved Master Promissory Note (MPN) confirmation processes. The Department is requesting that the information collection for the Direct Loan Master Promissory Note (MPN) be revised to include the Annual Student Loan Acknowledgment confirmation processes.
US Code:
20 USC 1087a
Name of Law: Higher Education Act 1965 as amended
The Department is reporting a program change due to the statutory addition of the new cancer treatment deferment which is being included in the loan terms. While the Department is combining three previously separate information collections into one collection, there is no anticipated increase in the number of summed responses at 9,862,685 for summed burden hours at 4,021,665.
$0
No
Yes
Yes
No
No
No
No
Beth Grebeldinger 202 708-8242
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.