1845-0004 – Affected Public – For-Profit Institutions 7/7/2022
The Department of Education (the Department) proposes to amend the Student Assistance General Provisions regulations issued under the Higher Education Act of 1965, as amended (HEA), to implement changes made to the Student Assistance General Provisions regulations – Subpart D – Institutional and Financial Assistance Information for §668.41 - Reporting and disclosure of information. These proposed regulations are a result of negotiated rulemaking and would delete requirements to the current regulations in §668.41(h).
The current regulations in §668.41(h) require institutions that use pre-dispute arbitration agreements or class action waivers as a condition of enrollment disclose that information to students, prospective students, and the public in an easily accessible format. The proposed regulations in §685.300 contain provisions which would replace those in current §668.41(h), rendering it unnecessary.
This request is to remove from the current information collection the regulatory requirements, burden hours, and costs associated with the regulations in §668.41(h) while retaining the burden hours previously calculated for the remaining sections of §668.41.
The proposed regulatory change would remove the requirement at §668.41(h) and also removed the burden previously associated with that paragraph.
Affected entity # of Respondents # of Responses Hrs/Response Total Burden
Proprietary Institutions 3,436 12,601 x 4 hours 8,197
We estimate the cost to institutional respondents, based on $44.41 per burden hour, would be $364,028.77 for 8,197 burden hours.
| File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
| Author | Beth Grebeldinger |
| File Modified | 0000-00-00 |
| File Created | 2022-09-26 |