The final regulations require an institution to report for each student who, during an award year, began attending or completed a program that leads to gainful employment in a recognized occupation the following information; information to identify the student and the location of the institution the student attended, the Classification of Instructional Program (CIP) code for each occupational training program that each student either began or completed, the completion date, the amount of private education loans and institutional financing incurred by each graduate, and whether a student matriculated into a higher credentialed program of study at the same or another institution. In addition, the final regulations will require the following disclosures to prospective students: the name and Standard Occupational Classification (SOC) code for 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, or a representative sample of SOC codes for graduates of its program; information about on-time graduation rates for students completing the program; the total amount of tuition and fees charged for completing the program within the normal time it takes to complete the course requirements as published in the institution's catalog, along with the typical costs for books and supplies, and the cost of room and board, if applicable, including providing a Web link or access to the program cost information the institution makes available to all enrolled and prospective students under section 668.43(a). Beginning July 1, 2011, the placement rate information as determined under the institution's accrediting agency or State requirements, or the placement rate that will be determined in the future by the National Center for Education Statistics (NCES) and reported to the institution. In addition, the institution must disclose the median loan debt incurred by students who completed the program as provided by the Secretary, as well as any other information about the program provided by the Secretary. The institution must identify separately the median title IV, Higher Education Act (HEA) loan debt and the median loan debt from the private education loan debt and institutional financing plans. For each program, the institution must include the accreditation and licensing information provided to all currently enrolled as well as prospective students as posted on the institution's Web site.
US Code:
20 USC 1082
Name of Law: Higher Education Act of 1965, as amended
The burden increase of 677,190 hours is a program change associated with the final regulation as a result of the requirement for institutions that prepare students in programs that lead to gainful employment in a recognized occupation to report and disclose a variety of information. Reporting will be required to associate classification of instructional program (CIP) codes for each program that leads to gainful employment as well as the location of the institution where the student either begins study or completes the program within the award year. In addition, the institutions will report information that will identify the students in those programs, the date the student completed the program, the amount the student received from private education loans and institutional financing programs, and whether the student matriculated into a higher credentialed program of study at the same or another institution. In addition, for each program under these final regulations, the institution will 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 will 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 July 1, 2011, institutions will report the placement rate for students completing the program as determined by their accrediting agency or State, until a new rate as developed by the National Center for Education Statistics (NCES) will be provided to the institution by the Department. In addition, the institution will disclose the median title IV, Higher Education Act of 1965, as amended (HEA) student loan debt incurred by students who completed the program and separately the median private education loan and institutional financing debt that was incurred by graduating students.
$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 10 21 10 Clean DK SV edits (3).docx
Att_Gainful Employment.OMB1845.NEW1.10.18.10.DK.xls
State, Local or Tribal Governments