Approved as amended by materials provided to OMB on 6/22/94 and 7/15/9 In addition, ED has agreed to meet the following conditions: -- ED shall include information about student loan limits in counselin materials provided to schools, in the Rights and Responsibilities statement that accompanies the promissory note, and in the Student Guide that provides borrowers with information about Federal financial aid. ED shall also add to the SAR and promissory note materials a not informing students that they should contact their financial aid office about loan limits specific to them. ED has agreed to remove the requirement that students sign to the fact that they have exceeded applicable loan limits from the SAR, unless such a signature is determined to be required by statute or regulation. -- ED will commence an operations assessment of the FAFSA this fall through the cognitive labs operated by the Bureau of Labor Statistics, to obtain views of students and parents who complete the forms and interviews with aid officers who process the forms. ED shall use this assessment to make further refinements in the FAFSA-SAR process. -- OMB supports ED's continued efforts to promote and expand use of electronic filing of this information by students, parents, and school -- ED has deleted questions on prior loans that will duplicate data in the National Student Loan Data System. Should NSLDS not be implemente in timely fashion, ED shall provide guidance on how to collect the dat
Inventory as of this Action
Requested
Previously Approved
06/30/1996
06/30/1996
06/30/1995
9,320,173
0
9,216,952
9,614,014
0
9,405,781
0
0
0
THE INFORMATION IS USED TO CALCULATE THE EXPECTED FAMILY CONTRIBUTION (EFC) FOR DISTRIBUTION OF PELL GRANTS AND DETERMINATION OF NEED USED B FINANCIAL AID ADMINISTRATORS TO CALCULATE THE AMOUNT OF A STUDENT'S SEOG, FEDERAL WORK-STUDY, AND FEDERAL STAFFORD LOAN. THE EFC IS GOVERNED BY PART F OF THE HIGHER EDUCATION ACT OF 1966, AS AMENDED.
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.