[Federal Register Volume 61, Number 112 (Monday, June 10, 1996)]
[Page 29359]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-14420]



Information Collection Activity Proposed

AGENCY: The Corporation for National and Community Service (CNCS).

ACTION: Notice of 60-day review and comment on National Service Trust 
Interest Accural Form.


SUMMARY: The Office of the Chief Financial Officer announces a 60-day 
review and comment period during which project sponsors and the public 
are encouraged to submit comments on suggested revisions to the 
National Service Trust Interest Accural Form. This information 
collection is used by AmeriCorps Members enrolled in national service 
to request interest accrual information for his or her term of service 
on qualified student loans from lending organizations, and payment of 
such interest by the Corporation to lending institutions for 
individuals enrolled in national service who were granted loan 
forbearance under the National and Community Service Trust Act of 1993.

DATES: CNS will consider comments on the proposed collection of 
information and recordkeeping requirements received by August 9, 1996, 
from the date of publication. Copies of the proposed forms and 
supporting documents may be obtained by contacting CNS.

ADDRESSES: Send comments to both: Gary Kowalczyk, CNS, 1201 New York 
Avenue, Washington, DC 20525.

Gary Kowalczyk, (202) 606-5000, ext. 340.


Office of the Corporation for National and Community Service Issuing 
Proposal: Office of the Chief Financial Officer

    Title of Form: National Service Trust Interest Accrual Form.
    Need and Use: The National and Community Service Trust Act provides 
the government shall pay interest that accrues on qualified student 
loans while borrowers are earning an education award following the 
successful completion of an approved national service position.
    Type of Request: Submission of a new collection.
    Respondents Obligation To Reply: Use of this particular form is 
voluntary. A lender may use either this form, or its unique form, as 
the basis for providing interest accrual information. A Member must 
comply with the lender's requirements.
    Frequency of Collection: Once a year for each year of service.
    Estimated Number of Annual Responses: 7,500.
    Estimated Annual Reporting or Disclosure Burden: 317 hours.
    Regulatory Authority: Public Law 103-82.
Gary Kowalczyk,
Acting Chief Financial Officer.
[FR Doc. 96-14420 Filed 6-7-96; 8:45 am]