Cohort Default Rates for Institutions Participating in the FFEL or Direct Loan Programs

ICR 200910-1845-010

OMB: 1845-0022

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2009-10-09
ICR Details
1845-0022 200910-1845-010
Historical Active 200711-1845-003
ED/FSA 4051
Cohort Default Rates for Institutions Participating in the FFEL or Direct Loan Programs
Revision of a currently approved collection   No
Regular
Approved without change 10/29/2009
Retrieve Notice of Action (NOA) 10/29/2009
  Inventory as of this Action Requested Previously Approved
10/31/2012 36 Months From Approved 02/28/2011
289,608 0 245,368
1,305,770 0 1,191,391
0 0 0

The regulations establish the standards to participate in the student financial assistance programs authorized by Title IV of the Higher Education Act of 1965, (HEA) as amended, (Title IV, HEA programs). The proposed regulations assure the Secretary that the integrity of the program is protected from fraud and misuse of program funds. These proposed regulations modify the program participation agreement, require institutions to provide new types of disclosures to prospective and enrolled students, add new campus security and crime statistic requirements, and provide for electronic appeals of institutional cohort default rates.The regulations establish the standards to participate in the student financial assistance programs authorized by Title IV of the Higher Education Act of 1965, (HEA) as amended, (Title IV, HEA programs). The proposed regulations assure the Secretary that the integrity of the program is protected from fraud and misuse of program funds. These proposed regulations modify the program participation agreement, require institutions to provide new types of disclosures to prospective and enrolled students, add new campus security and crime statistic requirements, and provide for electronic appeals of institutional cohort default rates.

PL: Pub.L. 110 - 315 101 et seq Name of Law: Higher Education Opportunity Act
  
PL: Pub.L. 110 - 315 101 et seq Name of Law: Higher Education Opportunity Act

1840-AC95 Final or interim final rulemaking 74 FR 55626 10/29/2009

No

  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 289,608 245,368 44,240 0 0 0
Annual Time Burden (Hours) 1,305,770 1,191,391 114,379 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
These changes to the burden estimates are as a result of the proposed regulations to implement the statutory changes made by the Higher Education Opportunity Act (HEOA) (Pub. L. 110-315) to the Higher Education Act of 1965, as amended (HEA).

$0
No
No
Uncollected
Uncollected
No
Uncollected
Dan Klock 202 377-4026

  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.
07/28/2009


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