This collection is approved with the following terms of clearance: Since OMB believes that the IRS data retrieval tool does have the potential to reduce burden on applicants and schools by making the FAFSA easier to complete and any verification process easier for applicants and schools, ED will schedule a briefing in March 2012 to discuss how next yearÂs submission can include a calculation of how automatic data retrieval will lessen the burden on applicants and schools.
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
12/31/2013
12/31/2013
12/31/2011
46,447,024
0
35,818,915
29,357,853
0
32,239,328
0
0
0
Section 483 of the Higher Education Act of 1965, as amended (HEA), mandates that the Secretary of Education "Â shall produce, distribute, and process free of charge common financial reporting forms as described in this subsection to be used for application and reapplication to determine the need and eligibility of a student for financial assistance."
Federal Student Aid, an office of the U.S. Department of Education developed an application process to collect and process the data necessary to determine a student's eligibility to receive Title IV, HEA program assistance. The application process involves an applicant's submission of the Free Application for Federal Student Aid (FAFSA). After submission of the FAFSA, an applicant receives a Student Aid Report (SAR) which is a summary of the data they submitted on the FAFSA. The applicant reviews the SAR, and, if necessary, will make corrections or updates to their submitted FAFSA.
For 2012-2013, the Department is reporting a net burden reduction of 2,881,475 hours.
The program change reduction is a reflection of the effects of simplifying FAFSA on the Web, which is utilized by the majority of applicants who apply for aid. For example, data reported in the 2011-2012 burden estimates reflected that an applicant that completed FOTW and had the ability to use a renewal version of the application would take approximately 1.20 hours (72 minutes). The most recent statistics reflect that on average that renewal applicant would actually spend about 1.08 hours (64.8 minutes).
Updated completion times were calculated for each component and have been used to estimate the burden, excluding the change in the applicant volume. The results demonstrate that the burden for all applicants would have decreased by almost 13 percent or 4,181,899 hours, if the application volume had remained constant.
If the Department had not simplified the application process, thus reducing the time required to complete the FAFSA, the new burden estimates would only need to account for the change in applicants. The 4.63% increase is an adjustment and reflects how the change in applicants would result in an increase in burden of 1,300,424 hours.
Accounting for both the increase in total applicants and the decrease in individual applicant burden, the net change is an overall decrease of almost 9 percent or 2,881,475 hours.
$56,136,409
No
No
No
No
No
Uncollected
Shamarli Kollock 2023773483
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.
Federal Student Aid Application
12-13 FOTW Wksht Draft 2011-10-27.pdf
1845-0001 FAFSA 2012-13 Supporting Statement.docx
Federal Student Aid Application