Information Collection Activity Proposed

CORPORATION FOR NATIONAL AND COMMUNITY SERVICE

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.

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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.

FOR FURTHER INFORMATION CONTACT:

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

SUPPLEMENTARY INFORMATION:

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]

BILLING CODE 6050-28-M