Approved as
amended by ED's memoranda to OMB of 6/23/95, 7/21/95, 7/27/95,
8/3/95, and 8/4/95. In addition: -- Approval of the statement of
Educational Purpose on the FAFSA is conditional on 1) removal of
this statement from the SAR (OMB# 1840-0132), and 2) a finding that
the signing of this statement, and resulting record of signing sent
to the relevant school, will satisfy the statutory requirement that
the school must retain_a record of the student's signature. This
will represent the least burdensome means of retaining the record,
and will eliminate millions of duplicative certifications. -- ED
will continue to develop the FAFSA Express electronic filing
procedures, and following any revisions necessitated by the 1995-96
pilot test will make this option available to all institutions and
individuals for the 1996-97 academic year. ED has agreed to provide
OMB with a copy of the letter announcing the FAFSA Express project
as soon as that letter is finalized; ED shall also provide OMB with
a copy of the pilot test report as soon as that report is
available. In addition, we ask that ED provide periodic updates
regarding progress on this project. -- ED will conduct a
cost-benefit analysis regarding use of electronic signatures with
next year's submission of the FAFSA clearance request, which would
at a minimum weigh security requirements, incentives for fraud,
litigation risks, and other costs against the savings in cost and
burden that would result from fully electronic filing. The analysis
may also include a review of available technology relative to
burdens, as ED has noted that technology may be a limiting factor
(e.g., PIN number selection may add a second step to filing). -- ED
will add to the instructions for Section G a brief note that
investment farms do not include family farms.
Inventory as of this Action
Requested
Previously Approved
06/30/1997
06/30/1997
06/30/1996
10,036,365
0
0
9,254,778
0
9,614,014
0
0
0
Collects identifying and financial
information from students applying for Federal student aid for
postsecondary education. Used to calculate expected family
contribution, which determines eligibility for Federal grants and
loans under title IV of HEA.
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.