Fiscal Operations Report for 2021-2022 and Application to Participate 2023-2024 (FISAP) and Reallocation Form
No material or nonsubstantive change to a currently approved collection
No
Regular
11/09/2021
Requested
Previously Approved
05/31/2023
05/31/2023
3,778
3,893
89,396
89,846
0
0
The Higher Education Opportunity Act (HEOA) (P.L. 110-315) was enacted on August 14, 2008 and reauthorized the Higher Education Act of 1965, as amended, (HEA). It requires participating Title IV institutions to apply for funds and report expenditures for the Federal Perkins Loan (Perkins), the Federal Supplemental Educational Opportunity Grant (FSEOG) and the Federal Work-Study (FWS) Programs on an annual basis. The data submitted electronically in the Fiscal Operations Report and Application to Participate (FISAP) is used by the Department of Education to determine the institutionâs funding need for the award year and monitor program effectiveness and accountability of fund expenditures. The data is used in conjunction with institutional program reviews to assess the administrative capability and compliance of the applicant. There are no other resources for collecting this data. The HEA requires that if an institution anticipates not using all of its allocated funds for the FWS, and FSEOG programs by the end of an award year, it must specify the anticipated remaining unused amount to the Secretary, who reduces the institutionâs allocation accordingly. The changes to the version of the FISAP are to update the deadline and award year references, incorporate new data fields added to capture cumulative service cancellation reimbursement activity beginning in the 2019-20 award year under the Perkins Loan Program.
US Code:
20 USC 1087b
Name of Law: Higher Education Act of 1965, as amended
This is a request to update current OMB lCR 1845-0030 to reference award year and date changes for the Fiscal Operations Report for 2021-2022 and Application to Participate 2023-2024 (FISAP) and Reallocation Form. The attached tables outline the changes made to instructions due in part to the Department's response to the COVID-19 pandemic and CARES Act requirements. There is a slight decrease in the number of institutions filing the FISAP and Reallocation forms, so there is a decrease in the number of corresponding burden hours. The annual reporting and record-keeping hours change to 89,396 hours, a 450 hour decrease and the respondents and reponses change to 3,778, a decrease of 115 respondent and responses due to a change in the number of institutions filing the FISA
$1,570,069
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.
Fiscal Operations Report for 2021-2022 and Application to Participate 2022-2023 (FISAP) and Reallocation Form
1845-0030 FISAP 83C Change Document Nov 2021.docx
1845-0030 FISAP 83C November 2021 Signed.pdf
Fiscal Operations Report for 2021-2022 and Application to Participate 2022-2023 (FISAP) and Reallocation Form