Paperwork Reduction Act Change Worksheet

PAPERWORK REDUCTION ACT

CHANGE WORKSHEET

Agency/Subagency U.S. Department of Education DRAFT Federal Student Aid Re: 2007-2008 Free Application for Federal Student Aid (FAFSA)      		OMB Control Number     -        1845-0001
Enter only items that change Current Record New Record
Agency form number(s)	ED255     	ED255     
Annual reporting and record keeping hour burden
Number of respondents	15,952,89017,567,558     	16,787,640954,59018,569,258     
Total annual responses	15,952,890     17,567,558	18,569,25816,787,640954,590     
Percent of these responses collected electronically	95%      	95%      
Total annual hours	     7,666814,352016	8,167,2028,016,94708,600314,866     
Difference		500,850350,59542,248     
Explanation of difference Program ChageChange		(See ‘Other change’)     See explanation below 500,950350,42,595248
Adjustment		     
Annual reporting and record keeping cost burden (in thousands of dollars)
Total annualized capital/startup costs	     $30,787,22000	$34,245,532     0
Total annual costs (O&M)	     0	     0
Total annualized cost requested	     $30,787,2200     0	$34,245,53200     0
Difference		     $3,458,31200
Explanation of difference Program Change		      0See explanation attached0
Adjustment		0     
Re: 2007-2008 Free Application for Federal Student Aid (FAFSA): In September 2005, the Secretary of Education formed a bi-partisan Commission on the Future of Higher Education to launch a national dialogue on the vital issues of accessibility, affordability, and accountability in higher education. One of the needs identified in the Commission’s final report was to notify students of their Federal student financial aid eligibility earlier in order to help families plan better. Federal Student Aid has developed a new tool, FAFSA4caster, to address this need. FAFSA4caster is a part of FAFSA on the Web (www.fafsa.ed.gov) and will assist high school juniors and their families by instantly calculating an estimated EFC; informing the student of potential Federal Pell Grant eligibility; and reducing the time needed to complete the FAFSA when the student later applies as a high school senior. As a component of FAFSA on the Web, FAFSA4caster conforms to the same IT security protocols and performance standards as FAFSA on the Web and provides a very similar user experience. No new questions or data fields are included in the FAFSA4caster. During the initial deployment of the tool, Federal Student Aid and its postsecondary education community partners will be exclusively marketing FAFSA4caster to high school juniors. Following a period of performance assessment and analysis of market adoption rates, Federal Student Aid anticipates rolling the tool out to a broader audience, including prospective non-traditional adult students who face numerous barriers to applying for federal student assistance. Because it is a high priority of the Secretary of Education, Federal Student Aid has moved quickly to conceive, design and test the FAFSA4caster tool and we believe it will provide a much-needed early awareness for high school juniors and their parents. Other change**       financial need and a new two new , the Academic Competitiveness Grant (ACG),sof 2005 (HERA). (Title VIII of the Deficit Reduction Act of 2005). allow grants to be ensure that grants can be 200707, , FAFSA applicant who is applicant for a grant based onbased onhas provided or will provide on provides in the his or her These applicants are referred to a Web site, or paper filers are referred to the Federal Student Aid Information Center (FSAIC), where they will answer several additional eligiblity questions. After July 1, 2006, the questions will be presented as part of the online FAFSA, and paper filers will continue to respond through FSAIC. Based on rough estimates of the number of potential eligibles who may provide some minimal added information, the burden hours requested for 2006-2007 have been increased by 441,808 hours. Continued on attached sheet. Applicants who are U.S. citizens in the first or second year of postsecondary education, and who have an expected family contribution (EFC) that would make them eligible for a Federal Pell Grant, will be notified of their potential eligibility by July 1, 2006. If the applicant provided an email address in the FAFSA, then the applicant will be contact by email. If the applicant did not provide an email address, then the applicant will be contacted by mail. All applicants will have the option to contact the Department via either telephone or the Internet (URL provided in written communication to applicants) to provide additional information requested by the Department. After receipt of the additional information, the Department will disseminate the information electronically to the appropriate school(s) for final award processing.
Signature of Senior Officer or designee:      	Date:      	For OIRA Use              

**This form cannot be used to extend an expiration date

OMB 83-C