The Department of Education (the Department) is seeking a new OMB control number for the collection of URLs hosting institutional contracts and contract data relating to campus banking agreements. This is a new requirement of the final Program Integrity and Improvement regulations published on October 30, 2015. When the Department added the requirement for institutions to post campus banking agreement contracts and contract data to their websites, consumer advocates requested that a central repository for these web addresses be made publicly available for research and comparison purposes. This database will allow interested parties, such as students, families, press, institutions, and researchers to easily access and compare banking agreements available at different institutions.
US Code:
20 USC 164(e)(f)
Name of Law: Higher Education Act of 1965, as amended
This is a new collection that is required by the final Program Integrity and Improvement regulations. It will result in approximately 73 total hours of burden. The Department estimates that it will take approximately 5 minutes to complete the form. This is based on the formâs brevity.
$0
No
No
No
No
No
Uncollected
Beth Grebeldinger 202 708-8242
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.