Student Assistance General Provisions - Non-Title IV Revenue Requirements (90/10)

ICR 202207-1845-011

OMB: 1845-0096

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2022-07-27
Supporting Statement A
2022-07-27
ICR Details
1845-0096 202207-1845-011
Received in OIRA 202110-1845-001
ED/FSA
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

1840-AD55 Proposed rulemaking 87 FR 45432 07/28/2022

No

1
IC Title Form No. Form Name
Student Assistance General Provisions - Non-Title IV Revenue Requirements (90/10)

  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 1,693 10 1,683 0 0 0
Annual Time Burden (Hours) 39,737 5 39,732 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
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.
07/28/2022


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