Enrollment in SAIG allows eligible
entities to exchange Title IV information electronically with the
Department of Education. Users are able to receive, transmit, view
and update student financial aid data via SAIG. Eligible
respondents include postsecondary educational institutions that
participate in federal student financial aid programs, financial
aid servicers of eligible institutions, FFELP state and guaranty
agencies, FFELP lenders, and need analysis servicers.
US Code:
20
USC 1018 Name of Law: Higher Education Act 1965 as amended,
Section 141(b)(2)
The 2007 annual burden is
estimated to be 5,983 hours, which is based on the actual number of
forms processed from January December 2006. The current OMB
inventory of 6,221 hours was based on 86% of the respondents in
2003 using the web-based enrollment form. In 2006 99.6% of
respondents used the online form, reducing the overall effort to
complete the SAIG enrollment process to 5,983 hours. This results
in a decrease of 238 hours to the OMB inventory. We expect future
enrollment volumes to remain consistent with past volumes
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.