OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the NPRM and will describe in the preamble of the final rule how the agency has maximized the practical utility of the collection and minimized the burden. The next submission to OMB must include the draft final rule.
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
0
0
0
0
0
0
0
0
0
The proposed regulations require an institution to report annually for each student who completes a program that leads to gainful employment in a recognized occupation identifier information about student completers, the CIP code for each occupational training program, the completion date, and information about the amount of private education loans and institutional financing incurred by each graduate. In addition, the proposed regulations would require the following disclosures on the institution's Web site: the name of each occupational training program and links to the Department of Labor's O- Net site to obtain occupation profile data using a SOC code, information about on-time graduation rates for students entering the program, cost information (including tuition, fees, room and board, and other institutional costs incurred for enrolling in the program), placement rate information for students who completed the program, and the median debt incurred by students who completed the program during the preceding three years. The institution must identify separately the median Title IV, HEA loan debt from the private education loan debt and institutional financing plans.
The burden hours requested of 105,377 that are associated with the proposed new regulation is as a result of the proposed requirement for institutions that prepare students in programs that lead to gainful employment in a recognized occupation to report a variety of information. Annual reporting would be required to associate classification of instructional program (CIP) codes for each program that leads to gainful employment. In addition, the institutions would report information that will identify the students in those programs, the date the student completed the program, and the amount the student received from private educational loans and institutional financing programs. In addition, for each program under these proposed regulations, the institution would report on its Web site the name of the occupation and its Standard Occupational Classification (SOC) code along with links to occupational links available through the Department of Labor's O-NET Web site. The institutional information would also include reporting about on-time graduation rates, cost of tuition and fees, the cost of room and board, and other institutional costs that a typical student would incur. Finally, beginning no later than June 30, 2013, institutions would report the placement rate for students completing the program and the median student loan debt incurred by students who completed the program in the preceding three year period.
$0
No
No
No
No
No
Uncollected
Dan Klock 202 377-4026
Reginfo record details
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.
Att_SUPPORTING STATEMENT.OMB.1845.NEW1.V.2.07.2.10.DK.docx
Gainful Employment - 668.6b - Public Institutions