Student Assistance General
Provisions - Non-Title IV Revenue Requirements (90/10)
Revision of a currently approved collection
No
Regular
07/28/2022
Requested
Previously Approved
36 Months From Approved
04/30/2025
1,693
10
39,737
5
0
0
The Department of Education proposes
to amend the Student Assistance General Provisions regulations to
implement changes to § 668.28 – Non-Federal revenue (90/10). These
proposed changes are based on requirements of the American Rescue
Plan of 2021 which amended Section 487 of the Higher Education Act
of 1965, as amended, (HEA). These proposed regulations are a result
of negotiated rulemaking in 2021 and would add new requirements to
the current regulations. The proposed regulations would amend the
heading of §668.28 and references throughout the section to change
“non-title IV revenue” to “non-Federal funds”.The proposed
regulations would amend §668.28(a)(2) to create a disbursement rule
that outlines how proprietary institutions calculate the percentage
of their revenue that is Federal revenue and creates an
end-of-fiscal-year deadline for proprietary institutions to request
and disburse title IV funds to students. The proposed regulations
would also modify §668.28(c)(3) with the steps that proprietary
institutions must take if they fail to derive at least 10 percent
of their revenue from allowable non-Federal sources by requiring
them to notify students of the failure and the students’ potential
loss of title IV aid at that proprietary institution.
US Code:
20
USC 1094 Name of Law: Higher Education Act of 1965, as
amended
US Code: 20 USC 1094 Name of Law: Higher
Education Act of 1965, as amended
This is a request for an
increase in burden due to a proposed regulation based on a
statutory change. The Department is requesting an increase of
39,732 hours for 1,683 responses.
$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.