Student Assistance General
Provisions - Non-Title IV Revenue Requirements (90/10)
Revision of a currently approved collection
No
Regular
01/10/2022
Requested
Previously Approved
36 Months From Approved
04/30/2022
10
1,872
5
2,808
0
0
The regulations in 34 CFR 668.28
provide that a proprietary institution must derive at least 10% of
its annual revenue from sources other than Title IV, HEA funds,
identifies sanctions for failing to meet this requirement, and
otherwise implement the statute. An institution discloses in a
footnote to its audited financial statements the amounts of Federal
and non-Federal revenues, by category, that it used in calculating
its 90/10 ratio (see section 487(d) of the HEA). The publication of
final regulations on September 2, 2020, removed section 668.285(b)
regarding Net Present Value in the calculation of the 90/10 ratio
and reserved this subparagraph as of the effective date of the
regulation, July 1, 2021. With the cancellation of the requirement
to calculate the Net Present Value, we are revising the current
information collection to estimate the burden for the reporting of
the sanction to the Department only. This request is to revise the
currently approved a information collection package, OMB Control
Number 1845-0096, to include burden hours based on section
668.28(c) Sanctions. The information collection requirements in the
regulations are necessary to determine eligibility to receive
program benefits and to prevent fraud and abuse of program
funds.
US Code:
20
USC 1094 Name of Law: Higher Education Act of 1965, as
amended
With the cancellation of the
requirement to calculate the Net Present Value, this request is to
revise the current information collection to estimate the burden
for the reporting of the sanction to the Department. We estimate
that an average of 10 institutions will be required to report to
the Department that they have not met the non-Title IV revenue
(90/10) requirement. The estimated burden hours are now estimated
at 5 hours, a decrease of 2,803, based on the estimated number of
institutions required to report information of 10, a decrease of
1,682 institutions.
$0
No
No
No
No
No
No
No
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.
1845-0096 Supporting Statement 30D 2022.docx
Student Assistance General Provisions - Non-Title IV Revenue Requirements (90/10)