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 â 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 ânon-title IV revenueâ to ânon-Federal fundsâ.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 studentsâ 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.