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
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.