Direct Loan Promissory Notes, Comments Due Jun 8

Content

ACTION:

Notice.

SUMMARY:

In accordance with the Paperwork Reduction Act (PRA) of 1995, the Department is proposing a revision of a currently approved
information collection request (ICR).

DATES:

Interested persons are invited to submit comments on or before June 8, 2026.

ADDRESSES:

To access and review all the documents related to the information collection listed in this notice, please use http://www.regulations.gov by searching the Docket ID number ED-2026-SCC-1222. Comments submitted in response to this notice should be submitted electronically
through the Federal eRulemaking Portal at http://www.regulations.gov by selecting the Docket ID number or via postal mail, commercial delivery, or hand delivery. If the regulations.gov site is not available to the public for any reason, the Department will temporarily accept comments at ICDocketMgr@ed.gov. Please include the docket ID number and the title of the information collection request when requesting documents or submitting
comments. Please note that comments submitted after the comment period will not be accepted. Written requests for information
or comments submitted by postal mail or delivery should be addressed to Carolyn Rose, U.S. Department of Education, Federal
Student Aid, 400 Maryland Avenue SW, Washington, DC 20202-1200.

FOR FURTHER INFORMATION CONTACT:

For specific questions related to collection activities, please contact Carolyn Rose, (202) 453-5967.

SUPPLEMENTARY INFORMATION:

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, revised, and continuing collections of information.
This helps the Department assess the impact of its information collection requirements and minimize the public's reporting
burden. It also helps the public understand the Department's information collection requirements and provide the requested
data in the desired format. The Department is soliciting comments on the proposed information collection request (ICR) that
is described below. The Department 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. Please note that written comments received in response to this notice
will be considered public records.

Title of Collection: William D. Ford Federal Direct Loan Program (Direct Loan Program) Promissory Notes and related forms.

OMB Control Number: 1845-0007.

Type of Review: Revision of a currently approved ICR.

Respondents/Affected Public: Individuals and Households; Private Sector; State, Local, and Tribal Governments.

Total Estimated Number of Annual Responses: 12,422,843.

Total Estimated Number of Annual Burden Hours: 6,211,424.

Abstract: Section 455(i) of the Higher Education Act of 1965, as amended (the HEA) requires the U.S. Department of Education (the Department)
to develop, print, and distribute a standard promissory note to schools that participate in the William D. Ford Federal Direct
Loan Program (Direct Loan Program).

The One Big Beautiful Bill Act (OBBBA) signed into law on July 4, 2025, made statutory changes to Sections 455(a), 455(d),
455(e), 455(g), and 455(q) that impact borrower eligibility, terms and conditions, and borrowers' rights and responsibilities
for Direct Loans received on or after July 1, 2026. Additionally, previous provisions regulated in 34 CFR 685.209 effective
July 1, 2024, were invalidated as a result of court actions on March 10, 2026. This is a request for a revision of this collection
to align the promissory note with the requirements of the OBBBA.

Ross Santy, Chief Data Officer, Office of Planning, Evaluation and Policy Development. [FR Doc. 2026-06890 Filed 4-8-26; 8:45 am] BILLING CODE 4000-01-P

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Attachments 1

2026-06890.pdf (SECURED)

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