Fiscal Operations Report for 2022-2023 and Application to Participate 2024-2025 (FISAP) and Reallocation Form
Extension without change of a currently approved collection
No
Regular
Approved without change
03/13/2023
02/07/2023
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
03/31/2026
36 Months From Approved
05/31/2023
3,778
0
3,778
88,626
0
89,396
0
0
0
The Higher Education Act of 1965, as amended, requires participating Title IV institutions to apply for funds and report expenditures for the Federal Perkins Loan (Perkins), the Federal Supplemental Educational Opportunity Grant (FSEOG) and the Federal Work-Study (FWS) Programs on an annual basis. The data submitted electronically in the Fiscal Operations Report and Application to Participate (FISAP) is used by the Department of Education to determine the institutionâs funding need for the award year and monitor program effectiveness and accountability of fund expenditures. The data is used in conjunction with institutional program reviews to assess the administrative capability and compliance of the applicant. There are no other resources for collecting this data.
US Code:
20 USC 1087b
Name of Law: Higher Education Act of 1965, as amended
This is a request for renewal. There is no change in the total number of institutions filing either a full FISAP or Reallocation form, 3,778. There is a shift in the number of institutions filing the full FISAP with more institutions filing the Reallocation which requires less time to complete, so there is a decrease in the number of corresponding burden hours of -770 hours, for a total of 88,626 hours.
$1,809,877
No
No
No
No
No
No
No
Beth Grebeldinger 202 708-8242
Reginfo record details
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.
Fiscal Operations Report for 2021-2022 and Application to Participate 2022-2023 (FISAP) and Reallocation Form