Collects identifying and financial information from students applying for Federal student aid for postsecondary education. Used to calculate Expected Family Contribution and determine eligibility for grants and loans, under Title IV of the HEA.
(NOTE:There is no net burden increase because of a Program Change for this collection. There was a system error and we were not able to get the check denoting an increase deleted - so it had to be submitted this way to submit via Rocis. There is a net burden reduction for this submission. The total estimated burden hours for 2007-2008 FAFSA applicants is 7,666,352 hours, which is 147,664 hours less than the revised estimated burden hours for 2006-2007 FAFSA applicants. The decrease in burden hours is attributed to the elimination of the paper-based Academic Competitiveness Grant (ACG) information collection process that was established to respond quickly to Congressional requirements contained within the Higher Education Reconciliation Act. In addition, the migration of customers from paper-based products to the Internet continues to lower overall burden on the public and reduce costs for the federal government. The distribution of FAFSA filers in the chart (See question 12) is in line with submission trends for the 2006-2007 FAFSA.
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.