THIS REQUEST FOR
OMB APPROVAL HAS NOT BEEN PROPERLY SUBMITTED. SEPERATE REQUESTS,
DESCRIBING PURPOSE, NEED AND UTILITY, SHOULD BE MADE FOR EACH
REGULATORY PROVISION WHERE THAT PROVISION IS IMPLEMENTED BY A FORM
HAVING A CURRENT OMB NUMBER. IN THOSE CASES THE FORM SHOULD BE
INCLUDED IN THE PACKAGE SO THAT THE SAME OMB NUMBER WILL BE
ASSIGNED TO THE FORM AS TO THE REGULATORY TEXT RELATED TO IT. THE
PACKAGE SHOULD ALSO INCLUDE A JUSTIFICATION FOR CONTINUED USE OF
THE FORM, AND SHOULD DESCRIBE THE PURPOSE, NEED, AND UTILITY OF THE
FORM. EVEN THOUGH FORMS AND ASSOCIATED REGULATORY TEXT MAY HAVE OMB
NUMBERS CURRENTLY IN USE, A NEW REQUEST FOR APPROVAL IS REQUIRED
WHEN AN NPRM IS ISSUED REQUESTING PUBLIC COMMENTS ON THOSE
REGULATORY PROVISIONS. REQUESTS FOR APPROVAL OF INFORMATION
COLLECTION LANGUAGE CONTAINED IN PROPOSED RULES MUST BE SUBMITTED
TO OMB NOT LATER THAN TH DATE OF PUBLICATION OF THE NPRM. IN CASES
WHERE THE IMPLEMENTING FORM IS UNCHANGED FROM WHAT IS CURRENTLY
APPROVED, A SEPERATE NOTICE OF SUBMISSION OF THE FORM TO OMB NEED
NOT BE PUBLISHED IN THE FEDERAL REGISTER.
Inventory as of this Action
Requested
Previously Approved
04/30/1986
04/30/1986
04/30/1986
1
0
1
487,200
0
487,200
0
0
0
POSTSECONDARY INSTITUTIONS
PARTICIPATING IN THE TITLE IV STUDENT FINANCIAL ASSISTANCE PROGRAMS
ARE REQUIRED TO MAINTAIN CERTAIN RECORDS AND SUBMIT BIENNIAL AUDITS
TO ENSURE PROPER ADMINISTRATION OF PROGRAM FUNDS.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.