Student Assistance General Provisions - Subpart K - Cash Management (JH)

ICR 200805-1845-006

OMB: 1845-0038

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2008-05-20
Supporting Statement A
2008-06-11
IC Document Collections
IC ID
Document
Title
Status
22256 Modified
ICR Details
1845-0038 200805-1845-006
Historical Active 200711-1845-002
ED/FSA 3691
Student Assistance General Provisions - Subpart K - Cash Management (JH)
Revision of a currently approved collection   No
Emergency 06/12/2008
Approved without change 07/01/2008
Retrieve Notice of Action (NOA) 05/21/2008
This is a 6 month approval to allow the Department to implement the TEACH Grant program. Upon the next submission to OMB, the Department will incorporate updates to the burden estimates associated with this collection.
  Inventory as of this Action Requested Previously Approved
01/31/2009 6 Months From Approved 01/31/2011
1,080,834 0 1,024,476
978,333 0 964,243
0 0 0

These regulations comprise the existing provisions of the Student Asisstance General Provisions guidance regarding cash management. Information collection under these regulations relates to cash management requirements and practices for institutions participating in the Title IV, Higher Education Act (HEA), programs. This request is for approval of reporting and recordkeeping requirements contained in the attached final regulations related to the administrative requirements of the Regulations Governing the Student Assistance General Provisions as revised by the TEACH Grant final regulations. The information collection requirements in these regulations are necessary to determine eligibility to receive program benefits and to prevent fraud and abuse of program funds.
The U.S. Department of Education (the Department)requests that OMB grant an emergency clearance of the changes made to OMB Control Number 1845-0038 as a result of new burden associated with regulatory changes made to 34 CFR 668.165. Under 34 CFR 668.165, institutions are required to provide written notice to recipients of Teacher Education Assistance for College and Higher Education (TEACH) Grants to notify the recipient of when and the amount of their TEACH Grant disubursements. The notice also tells the recipent of their right to cancel or reduce the amount of the TEACH Grant, as well as the procedures the institution has adopted for the recipient to contact the school about cancellation or reduction of the grant. These regulatory changes and the additional increased burden to schools and individuals are the result of comments made by the public in response to the Notice of Proposed Rulemaking published in the Federal Register on March 21, 2008. (See 73 FR 15336) The TEACH Grant Program was establised under the HEA by the college Cost Reduction and Access Act of 1007 (the CCRAA). In accordance with section 420O of the CCRAA, the effective date for the TEACH Grant Program is July 1, 2008. The Department is requesting an emergency clearance of the TEACH Grant regulations because the regular clearance process would not enable us to make an OMB-approved TEACH Grant available to applicants by the statutory effective date for the TEACH Grant Program. The Dapartment requests emergency clearance of the revised OMB 1845-0038 by June 12, 2008. The proposed TEACH Grant regulations were published on March 21, 2008. The TEACH Grant final regulations are scheduled to be sent to the Federal Register on June 16, 2008.

US Code: 20 USC 1001 et seq. Name of Law: Teacher Education Assistance for College and Higher Education Grants
  
US Code: 20 USC 1001 et seq. Name of Law: Teacher Education Assistance for College and Higher Education Grants

1840-AC93 Final or interim final rulemaking 73 FR 15336 03/21/2008

No

1
IC Title Form No. Form Name
1845-0038.TABLE.TEACH.Grant.Final

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 1,080,834 1,024,476 0 56,358 0 0
Annual Time Burden (Hours) 978,333 964,243 0 14,090 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
The increased burden resulted from new TEACH Grant Program Requirements.

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Jeff Baker 2023774009

  No

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.
05/21/2008


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