APPROVED FOR USE THROUGH JUNE 1988 WITH THE FOLLOWING CHANGES WHICH HAVE BEEN DISCUSSED AND AGREED TO BY KATHY BELL OF EDUCATION: 1. ITEM 4-1 WILL MENTION EXCLUSION OF CERTAIN CAPITAL GAINS (FORECLOSURE, FORFEITURE, BANKRUPTCY) AND EXPLICITLY LIST CAPITAL GAINS AS A SOURCE OF OTHER TAXABLE INCOME. 2. ITEM 4-3 WILL SPECIFICALLY LIST THE UNTAXED PORTION OF CAPITAL GAINS (EXCEPT FORCLOSURE, FORFEITURE, BANKRUPTCY) . THE APPROVAL FOR THE 1986-87 FORM REMAINS IN EFFECT THROUGH JULY 1987.
Inventory as of this Action
Requested
Previously Approved
06/30/1988
06/30/1988
06/30/1987
6,270,220
0
5,800,000
6,897,220
0
6,380,000
0
0
0
THIS FORM COLLECTS THE DATA NECESSARY TO DETERMINE STUDENT ELIGIBILITY FOR FEDERAL STUDENT AIR. THE INFORMATION IS USED TO CALCULATE A STUDENT AID INDEX FOR THE DISTRIBUTION OF PELL GRANTS AND A UNIFORM METHODOLOG NUMBER WHICH FINANCIAL AID ADMINISTRATORS MAY USE TO AWARD OTHER TYPES OF FINANCIAL AID.
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.