Student Right-to-Know (SRK) For-profit Institutions

1845-0004 – Affected Public – For-Profit Institutions 08/03/2015

Section 485 of the Higher Education Act of 1965, as amended (HEA) authorizes the administration of the Student Right-to-Know (SRK) regulations. There has been no change to the statute or the regulations.

The regulations in 34 CFR 668.41 relate to the required annual notices an institution must provide to current and prospective students and current and prospective employees as well as information that must be made available to any party who requests it, including the methods that the information may disclosed.

The regulations in 34 CFR 668.45 relate to the required calculation and availability of an institution’s completion or graduation rates of its certificate or degree seeking, first-time, full-time undergraduate students using the Department’s Integrated Postsecondary Education Data System (IPEDS) website.

# of # of # of Hours

Respondents Responses Burden

668.41(d)(3) – retention rate reporting

Proprietary 3,436 3,436 X .17 hours = 584 hours

668.41(d)(4) – completion/graduation/transfer out rate

Proprietary 3,436 3,436 X .50 hours = 1,718 hours

668.41(d)(5) – placement of and type of employment obtained by graduates of degree or certification programs

Proprietary 3,436 3,436 X .50 hours = 1,718 hours

668.41(d)(6) – types of graduate/professional degrees that 4 year degree graduates pursue

Proprietary 172 172 X .50 hours = 86 hours

668.45(a)(6) – disaggregation of graduation rates by specified groups

Proprietary 172 172 X 2 hours = 344 hours

TOTALS

Responses 10,652

Respondents 3,436

Burden Hours 4,450