Request for Title IV Reimbursement or Heightened Cash Monitoring 2 (HCM2)

Forms and Documents

Document	Type	Status	Availability
Form 270	Form and Instruction	Modified	Repair queued
1845-0089 OMB 83C UEI addition signed.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2022-03-23	Repair queued
1845-0089 Supporting Statement 06-22-20.docx	Supporting Statement A	Uploaded 2020-06-22	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
187417	Form 270	Form and Instruction	Modified

ICR Details

OMB Control No: 1845-0089	ICR Reference No: 202203-1845-007
Status: Received in OIRA	Previous ICR Reference No: 202003-1845-004
Agency/Subagency: ED/FSA	Agency Tracking No:
Title: Request for Title IV Reimbursement or Heightened Cash Monitoring 2 (HCM2)
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 03/24/2022

	Requested	Previously Approved
Expiration Date	09/30/2023	09/30/2023
Responses	732	732
Time Burden (Hours)	732	732
Cost Burden (Dollars)	0	0

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Abstract: The collection of this information is needed in order for the Payment Analysts in Federal Student Aid (FSA), an office of the U. S. Department of Education, to review and process the institutional payment request for Title IV funds. FSA is requesting the approval of an addition of a prepopulated field, a Unique Entity Identifier (UEI), and related instructions, to the form 270. This change will not require additional burden to the institutions who are required to submit the form. The information will be used for additional identification of the institution,as required per GSA Federal Register Notice 2019-14665 published 7/10/2019.

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Authorizing Statute(s): US Code: 20 USC 1094 Name of Law: Title IV, HEA of 1965, as amended
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 16090	03/20/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 38366	06/26/2020
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form 270	N/A	N/A

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	732	732	0	0	0	0
Annual Time Burden (Hours)	732	732	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: We are requesting a revision of the current burden assessment to 732 hours due to the decrease in burden hours of 2,928 with the change from five hours to one hour for the electronic reporting method through the COD web site. The information collected is unchanged and number of users has remained stable.

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Annual Cost to Federal Government: $17,040

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 03/24/2022

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