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

Forms and Documents

Document	Type	Status	Availability
1845.doc	Supporting Statement A	Uploaded 2009-10-09	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
41403	General Provisions/Cohort Default Rates Previous Burden	Other-Table	Modified
189843	State, Local, Tribal Post Section 668	Other-Table	New
181406	Institutions Post-Withdrawal Disbursements Section 668	Other-Table	Modified
181332	Post-Withdrawal Disbursements of Funds - Section 668.22 (Students)	Other-regulatory requirement	Removed

ICR Details

OMB Control No: 1845-0022	ICR Reference No: 200910-1845-010
Status: Historical Active	Previous ICR Reference No: 200711-1845-003
Agency/Subagency: ED/FSA	Agency Tracking No: 4051
Title: Cohort Default Rates for Institutions Participating in the FFEL or Direct Loan Programs
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/29/2009
	Date Received in OIRA: 10/29/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2012	36 Months From Approved	02/28/2011
Responses	289,608	0	245,368
Time Burden (Hours)	1,305,770	0	1,191,391
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): PL: Pub.L. 110 - 315 101 et seq Name of Law: Higher Education Opportunity Act
  

Citations for New Statutory Requirements: PL: Pub.L. 110 - 315 101 et seq Name of Law: Higher Education Opportunity Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1840-AC95	Final or interim final rulemaking	74 FR 55626	10/29/2009

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
State, Local, Tribal Post Section 668
Post-Withdrawal Disbursements of Funds - Section 668.22 (Students)
Institutions Post-Withdrawal Disbursements Section 668
General Provisions/Cohort Default Rates Previous Burden

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ICR Summary of Burden

	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

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: 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).

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 07/28/2009

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