OMB files this
comment in accordance with 5 CFR 1320.11( c ). This OMB action is
not an approval to conduct or sponsor an information collection
under the Paperwork Reduction Act of 1995. This action has no
effect on any current approvals. If OMB has assigned this ICR a new
OMB Control Number, the OMB Control Number will not appear in the
active inventory. For future submissions of this information
collection, reference the OMB Control Number provided. Resubmit
when proposed rule is finalized.
Inventory as of this Action
Requested
Previously Approved
12/31/2018
36 Months From Approved
12/31/2018
30,022
0
30,022
18,670
0
18,670
0
0
0
The Department of Education (the
Department) proposes to amend the Student Assistance General
Provisions regulations issued under the Higher Education Act of
1965, as amended (HEA), to implement changes made to §668.41 -
Reporting and disclosure of information. These proposed regulations
are a result of negotiated rule-making and would add new
requirements to the current regulations. These proposed regulations
are intended to ensure that current and prospective students are
provided with warnings through individual or group notification if
a proprietary institution’s repayment rate, as calculated by the
Department, meets specified criteria and that such required rate
information are prominently included in all promotional materials.
Additionally, current and prospective students must be provided
with warnings through individual or group notification if the
Department requires a private or proprietary institution to provide
financial protections, such as a letter of credit based on
specified criteria. The proposed regulations also provide for a
challenge process for proprietary institutions regarding the
Department’s repayment rate calculations.
This request is to revise the
currently approved information collection. These changes are due to
the proposed regulations offered through program change. The
increase in burden to this information collection is 134,860 hours.
These changes to the regulations are a result of negotiated
rulemaking.
$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.