The Department of Education (the
Department) is seeking to renew OMB control number 1845-0147 for
the collection of URLs hosting institutional contracts and contract
data relating to campus banking agreements. The Department has
created a Cash Management Contract electronic form to allow
institutions to report their contract and contract URL to the
Department. The Department has also created a central repository
for the information provided by the institution that includes the
contract data and the web addresses that is publicly available for
research and comparison purposes. Both of these are located on
studentaid.gov. The database allows 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
The adjustment to the
respondent numbers and burden hours are due to a decrease in the
number of institutions reporting banking arrangements. It will
result in approximately 45 total hours of burden, a decrease of 28
burden hours. The Department continues to estimate that it will
take approximately 5 minutes to complete the form. This is based on
the form’s brevity.
$0
No
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.