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Subject: FFEL Program IBR Plan Request and IBR Plan Alternative Documentation of Income

Publication Date: December 31, 2009

Posted Date: December 31, 2009

Subject: FFEL Program IBR Plan Request and IBR Plan Alternative Documentation of Income

FR Type: Notice

[Federal Register: December 31, 2009 (Volume 74, Number 250)]
[Notices]               
[Page 69333-69334]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr31de09-40]                         
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DEPARTMENT OF EDUCATION
 
Submission for OMB Review; Comment Request
AGENCY: Department of Education.
SUMMARY: The Acting Director, Information Collection Clearance 
Division, Regulatory Information Management Services, Office of 
Management invites comments on the submission for OMB review as 
required by the Paperwork Reduction Act of 1995.
DATES: Interested persons are invited to submit comments on or before 
February 1, 2010.
[[Page 69334]]

ADDRESSES: Written comments should be addressed to the Office of 
Information and Regulatory Affairs, Attention: Education Desk Officer, 
Office of Management and Budget, 725 17th Street, NW., Room 10222, New 
Executive Office Building, Washington, DC 20503, be faxed to (202) 395-
5806 or send e-mail to oira_submission@omb.eop.gov.
SUPPLEMENTARY INFORMATION: Section 3506 of the Paperwork Reduction Act 
of 1995 (44 U.S.C. Chapter 35) requires that the Office of Management 
and Budget (OMB) provide interested Federal agencies and the public an 
early opportunity to comment on information collection requests. OMB 
may amend or waive the requirement for public consultation to the 
extent that public participation in the approval process would defeat 
the purpose of the information collection, violate State or Federal 
law, or substantially interfere with any agency's ability to perform 
its statutory obligations. The Acting Director, Information Collection 
Clearance Official, Regulatory Information Management Services, Office 
of Management, publishes that notice containing proposed information 
collection requests prior to submission of these requests to OMB. Each 
proposed information collection, grouped by office, contains the 
following: (1) Type of review requested, e.g. new, revision, extension, 
existing or reinstatement; (2) Title; (3) Summary of the collection; 
(4) Description of the need for, and proposed use of, the information; 
(5) Respondents and frequency of collection; and (6) Reporting and/or 
Recordkeeping burden. OMB invites public comment.
    Dated: December 24, 2009.
James Hyler,
Acting Director, Information Collection Clearance Division, Regulatory 
Information Management Services, Office of Management.
Federal Student Aid
    Type of Review: New.
    Title: FFEL Program IBR Plan Request and IBR Plan Alternative 
Documentation of Income.
    Frequency: On occasion.
    Affected Public: Individuals or households.
    Reporting and Recordkeeping Hour Burden:
Responses: 1,692,869.
Burden Hours: 936,721.
    Abstract: The IBR Plan Request form serves as the means by which a 
borrower with FFEL Program loans requests to repay those loans under 
the IBR Plan and provides certain information that is needed by the 
borrower's loan holder to determine whether the borrower is eligible to 
repay under the IBR Plan and to calculate the borrower's monthly 
payment amount under the IBR Plan. The IBR Plan Alternative 
Documentation of Income form serves as the means by which a borrower 
who is repaying FFEL Program loans under the IBR provides the 
borrower's loan holder with alternative documentation of the borrower's 
income if the borrower's adjusted gross income (AGI) is not available 
from the IRS, or if the loan holder believes that the borrower's most 
recently reported AGI does not accurately reflect the borrower's 
current income. Under the FFEL Program regulations, a borrower's AGI is 
used to calculate the monthly loan payment amount under the IBR Plan.
    Requests for copies of the information collection submission for 
OMB review may be accessed from http://edicsweb.ed.gov, by selecting 
the ``Browse Pending Collections'' link and by clicking on link number 
4115. When you access the information collection, click on ``Download 
Attachments '' to view. Written requests for information should be 
addressed to U.S. Department of Education, 400 Maryland Avenue, SW., 
LBJ, Washington, DC 20202-4537. Requests may also be electronically 
mailed to the Internet address ICDocketMgr@ed.gov or faxed to 202-401-
0920. Please specify the complete title of the information collection 
when making your request.
    Comments regarding burden and/or the collection activity 
requirements should be electronically mailed to ICDocketMgr@ed.gov. 
Individuals who use a telecommunications device for the deaf (TDD) may 
call the Federal Information Relay Service (FIRS) at 1-800-877-8339.
[FR Doc. E9-31063 Filed 12-30-09; 8:45 am]
BILLING CODE 4000-01-P