Subject: William D. Ford Federal Direct Loan (Direct Loan) Program: Application for Automatic Withdrawal of Payments

Publication Date: March 7, 2011
Posted Date: March 7, 2011
FR Type: Notice
[Federal Register: March 7, 2011 (Volume 76, Number 44)]
[Notices]               
[Page 12342-12343]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr07mr11-46]                         

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DEPARTMENT OF EDUCATION
 
Notice of Proposed Information Collection Requests

AGENCY: Department of Education.

ACTION: Comment request.

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SUMMARY: The Department of Education (the Department), in accordance 
with the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 
3506(c)(2)(A)), provides the general public and Federal agencies with 
an opportunity to comment on proposed and continuing collections of 
information. This helps

[[Page 12343]]

the Department assess the impact of its information collection 
requirements and minimize the reporting burden on the public and helps 
the public understand the Department's information collection 
requirements and provide the requested data in the desired format. The 
Director, Information Collection Clearance Division, Regulatory 
Information Management Services, Office of Management, invites comments 
on the proposed information collection requests as required by the 
Paperwork Reduction Act of 1995.

DATES: Interested persons are invited to submit comments on or before 
May 6, 2011.

ADDRESSES: Comments regarding burden and/or the collection activity 
requirements should be electronically mailed to ICDocketMgr@ed.gov or 
mailed to U.S. Department of Education, 400 Maryland Avenue, SW., LBJ, 
Washington, DC 20202-4537. Please note that written comments received 
in response to this notice will be considered public records.

SUPPLEMENTARY INFORMATION: Section 3506 of the Paperwork Reduction Act 
of 1995 (44 U.S.C. Chapter 35) requires that Federal agencies provide 
interested parties an early opportunity to comment on information 
collection requests. The Director, Information Collection Clearance 
Division, Regulatory Information Management Services, Office of 
Management, publishes this notice containing proposed information 
collection requests at the beginning of the Departmental review of the 
information collection. The Department of Education is especially 
interested in public comment addressing the following issues: (1) Is 
this collection necessary to the proper functions of the Department; 
(2) will this information be processed and used in a timely manner; (3) 
is the estimate of burden accurate; (4) how might the Department 
enhance the quality, utility, and clarity of the information to be 
collected; and (5) how might the Department minimize the burden of this 
collection on the respondents, including through the use of information 
technology.

    Dated: March 1, 2011.
Darrin A. King,
Director, Information Collection Clearance Division, Regulatory 
Information Management Services, Office of Management.

Federal Student Aid

    Type of Review: Revision.
    Title of Collection: William D. Ford Federal Direct Loan (Direct 
Loan) Program: Application for Automatic Withdrawal of Payments.
    OMB Control Number: 1845-0040.
    Agency Form Number(s): N/A.
    Frequency of Responses: On occasion.
    Affected Public: Individuals or households.
    Total Estimated Number of Annual Responses: 706,200.
    Total Estimated Number of Annual Burden Hours: 23,516.
    Abstract: The Application for Automatic Withdrawal of Payments 
serves as the means by which a Direct Loan borrower requests and 
authorizes the automatic debiting of monthly student loan payments from 
the borrower's checking or savings account. The application collects 
the necessary bank account information that allows the U.S. Department 
of Education to debit the borrower's loan payments. Borrowers who 
enroll in automatic payment withdrawal receive a repayment incentive in 
the form of a 0.25% reduction in the interest rate on their Direct 
Loans during periods when payments are made by this method. Borrowers 
who do not wish to enroll in automatic debiting of all monthly payments 
may provide bank account information that allows them to authorize 
electronic debiting of individual monthly loan payments.
    Copies of the proposed information collection request may be 
accessed from http://edicsweb.ed.gov, by selecting the ``Browse Pending 
Collections'' link and by clicking on link number 4530. 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 ICDocketMgr@ed.gov or 
faxed to 202-401-0920. Please specify the complete title of the 
information collection and OMB Control Number when making your request.
    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. 2011-5072 Filed 3-4-11; 8:45 am]
BILLING CODE 4000-01-P
Maintained for Historical Purposes

Subject: William D. Ford Federal Direct Loan (Direct Loan) Program: Application for Automatic Withdrawal of Payments
