Corporation for National and Community Service.
The Corporation for National and Community Service (hereinafter the “Corporation”), as part of its continuing effort to reduce paperwork and respondent burden, conducts a pre-clearance consultation program to provide the general public and Federal agencies with an opportunity to comment on proposed and/or continuing collections of information in accordance with the Paperwork Reduction Act of 1995 (PRA95) (44 U.S.C. 3506(c)(2)(A)). This program helps to ensure that requested data can be provided in the desired format, reporting burden (time and financial resources) is minimized, collection instruments are clearly understood, and the impact of collection requirement on respondents can be properly assessed.
Currently, the Corporation is soliciting comments concerning the proposed revision of its Interest Accrual Form (OMB Number 3045-0053). Copies of the form can be obtained by contacting the office listed below in the ADDRESSES section of this notice.
Written comments must be submitted to the office listed in the ADDRESSES section by April 26, 2005.
The Corporation is particularly interested in comments which:
- Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the Corporation, including whether the information will have practical utility;
- Evaluate the accuracy of the agency's estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; Start Printed Page 9278
- Enhance the quality, utility and clarity of the information to be collected; and
- Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submissions of responses.
You may submit written input to the Corporation by any of the following methods:
(1) Electronically through the Corporation's e-mail address system to Bruce Kellogg at Bkellogg@cns.gov.
(2) By fax to (202) 565-2742, Attention Mr. Bruce Kellogg.
(3) By mail sent to: Corporation for National and Community Service, National Service Trust Office, 8th Floor, Attn: Mr. Bruce Kellogg, 1201 New York Avenue NW., Washington, DC 20525.
(4) By hand delivery or by courier to the Corporation's mailroom at Room 6010 at the mail address given in paragraph (3) above, between 9 a.m. and 4 p.m. Monday through Friday, except Federal holidays.
Send comments to Bruce Kellogg, National Service Trust, Corporation for National and Community Service, 1201 New York Ave., NW., Washington, DC, 20525.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Bruce Kellogg, (202) 606-5000, ext. 526.End Further Info End Preamble Start Supplemental Information
The Corporation for National and Community Service supports programs that provide opportunities for individuals who want to become involved in national service. The service opportunities cover a wide range of activities over varying periods of time. Upon successfully completing an agreed-upon term of service in an approved AmeriCorps program, a national and community service participant—an AmeriCorps member—receives an “education award”. This award is an amount of money set aside in the member's name in the National Service Trust Fund. Members have seven years in which to draw against any unused balance.
The National Service Trust is the office within the Corporation that administers the education award program. This involves tracking the service for all AmeriCorps members, ensuring that certain requirements of the Corporation's enabling legislation are met, and processing school and loan payments that the members authorize.
II. Current Action
After an AmeriCorps member completes a period of national and community service, the individual receives an education award that can be used to pay against qualified student loans or pay for current post secondary educational expenses. Also, the Corporation's legislation requires that it pay, on behalf of AmeriCorps members, all or a portion of the interest that accrues during their service periods, if their loans were in forbearance during their service and if they successfully complete their terms of service. The intention is to keep the qualified student loan debt of an AmeriCorps member from increasing during his or her service period.
To pay the appropriate portion of the accrued interest, the Corporation must know the total amount of interest that accrued during the entire service period. Most loan holders will not release information regarding their borrowers unless they have a written statement authorizing this release. The Interest Accrual Form serves to (1) request that the loan holder calculate the amount of interest that accrued and (2) give permission to and direct the loan holder to release this information to the Corporation.
The form was first designed and some variation of it has been in use since the summer of 1994. Along with minor formatting changes, such as replacing boxes with lines for the member's name and SSN to enhance legibility, and wording to clarify certain sections of the existing form, for example regarding which interest is qualified or what time period should be excluded, the Corporation is requesting the name of the agency be cited, in cases where the loan is made by a state agency, in accordance with recent legislative changes. The changes impose no additional burden.
The Corporation seeks to continue using this particular form, albeit in a revised version. The current form is due to expire May 31, 2005.
Type of Review: Renewal.
Agency: Corporation for National and Community Service.
Title: Interest Accrual Form.
OMB Number: 3045-0053.
Agency Number: None.
Affected Public: Individuals who have completed a term of national service who wish the National Service Trust to pay certain interest accruing on qualified student loans.
Total Respondents: 7,000 responses annually (estimated annual average over the next three years).
Frequency: Experience has shown that some members do not have qualified student loans and others have several).
Average Time Per Response: Total of 10 minutes (three minutes for the AmeriCorps member and seven minutes for the loan holder).
Estimated Total Burden Hours: 1,167 hours.
Total Burden Cost (capital/startup): None.
Total Burden Cost (operating/maintenance): None.
Comments submitted in response to this notice will be summarized and/or included in the request for Office of Management and Budget approval of the information collection request; they will also become a matter of public record.Start Signature
Dated: February 17, 2005.
Manager, National Service Trust.
[FR Doc. 05-3603 Filed 2-24-05; 8:45 am]
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