Federal Student Aid has developed the
Integrated Partner Management (IPM) system. IPM is the new solution
for application processing and financial reporting, that will
replace 3 legacy applications. Consolidation of these applications
will improve timeliness, data integrity and Department’s analysts’
ability to get a comprehensive view from one application as opposed
to the current disjointed views across multiple applications. The
new IPM system will include the application for approval for
institutions and financial partners (including lenders) to
participate in Federal Student Financial Aid programs. The IPM
system will also allow institutions and financial partners
participating in the Title IV HEA programs to submit the required
audited financial statements and compliance audits. IPM includes
significant advances to both partners and FSA analysts in the
process used for providing oversight to FSA partners in the Title
IV and improvements in the tools and technologies currently in
place. IPM will transition a process that is currently heavily
paper based to an easy to navigate, automated work-flow process.
Under the IPM system the institutions log into a secure Department
website, enter information pertaining to their eligibility, audit
and finances and attach electronic documents to support
eligibility, audit and financial statement submissions.
US Code:
20
USC 1088 Name of Law: Higher Education Act of 1965, as
amended
This is a request for a new
information collection based on a program change. With the
Department is combining the functions of 3 current systems and
there will be a single location for institutions to access
reporting systems, we are anticipating a reduction in burden for
institutions. We anticipate the burden to the 9,220 affected
entities will total 7,890 hours.
$57,800
No
Yes
Yes
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.