Student Assistance General Provisions - Subpart E -- Verification Student Aid Application Information

ICR 201311-1845-008

OMB: 1845-0041

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2013-11-14
Supplementary Document
2013-09-04
Supporting Statement A
2013-11-08
ICR Details
1845-0041 201311-1845-008
Historical Active 201202-1845-001
ED/FSA 1416.25
Student Assistance General Provisions - Subpart E -- Verification Student Aid Application Information
Extension without change of a currently approved collection   No
Regular
Approved without change 12/16/2013
Retrieve Notice of Action (NOA) 11/14/2013
  Inventory as of this Action Requested Previously Approved
12/31/2016 36 Months From Approved 12/31/2013
32,555,838 0 33,670,369
3,938,676 0 4,713,934
0 0 0

This request is for an extension of the information collection supporting the policies and reporting requirements contained in Subpart E of Part 668 Verification and Updating of Student Aid Application Information. Sections 668.53, 668.54, 668.55, 668.56, 668.57, 668.59 and 668.61 contain information collection requirements (OMB control number 1845-0041). This subpart governs the verification and updating of the Free Application for Federal Student Aid (FAFSA) used to calculate an applicants Expected Family Contribution (EFC) for purposes of determining an applicants need for student financial assistance under Title IV of Higher Education Act of 1965, as amended (HEA). The collection of this documentation helps ensure that students (and parents in the case of PLUS loans) receive the correct amount of Title IV program assistance by providing accurate information to calculate applicants expected family contribution.

US Code: 20 USC 1001 et seq Name of Law: Higher Education Act of 1965, as amended
  
None

Not associated with rulemaking

  78 FR 54459 09/04/2013
78 FR 68429 11/14/2013
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 32,555,838 33,670,369 0 0 -1,114,531 0
Annual Time Burden (Hours) 3,938,676 4,713,934 0 0 -775,258 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease of 775,258 burden hours is due to the continued streamlining and automation of the verification process. The ability of an individual to retrieve his or her financial information directly from the Internal Revenue Service (IRS) when completing the Free Application for Federal Student Aid (FAFSA) has decreased the number of verification interactions institutions must have with students who are using the FAFSA on the Web application which helps to prevent and combat fraud, waste and abuse.

$0
No
No
No
No
No
Uncollected
Beth Grebeldinger 202 708-8242

  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.
11/14/2013


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