1845-0084 For-Profit Institutions Affected Party 2023

1845-0084 – Affected Public – For-Profit Institutions 7/18/2023

The regulations in 686.4 require an institution that ceases to participate or becomes ineligible to participate in the TEACH Grant program during an award year to report to the Department of Education within 45 days after the effective date of the loss of eligibility. The report must include the name of each TEACH Grant eligible student, the amount of the TEACH Grant funds paid to each student for that award year, and the amount of TEACH Grant funds due each eligible student through the end of the payment period. Also, the institution must provide an accounting of all TEACH Grant expenditures for that award year to the date of termination.

# of # of Total

Respondents Responses hours

Business or other for-profits 1 1 10

The regulations in 686.11 establish that in addition to meeting the student eligibility requirements, in order to receive a TEACH Grant the applicant must submit the designated application, sign a TEACH Grant agreement to serve or repay (this burden is captured under OMB Control Number 1845-0083), and enroll in a TEACH Grant eligible institution. In addition, the grant recipient must either maintain a cumulative grade point average of 3.25 on a 4.0 scale during each payment period or score above the 75^th percentile on at least one of the battery of nationally- normed standardized test.

# of # of Total

Respondents Responses hours

Business or other for-profits 9 1,938 119

The regulations in 686.32 require an institution to provide initial, subsequent, and exit counseling to each TEACH Grant recipient and maintain documentation substantiating the counseling requirements.

# of # of Total

Respondents Responses hours

Business or other for-profits 9 9 123

The regulations in 686.34 require the institution to promptly provide written notification to a student requesting repayment of any overpayment that the institution does not have responsibility to repay. The regulations also require that the institution refer the student to the Department if the student does not take positive action to promptly resolve the TEACH Grant overpayment.

# of # of Total

Respondents Responses hours

Business or other for-profits 9 9 3

TOTALS

Responses 1,957

Respondents 10

Burden Hours 255

Paperwork Burden Statement

According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. The valid OMB control number for this information collection is 1845-0084. Public reporting burden for this collection of information is estimated to average .13 hours per response, including time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. The obligation to respond to this collection is required to obtain or retain a benefit (20 U.S.C. 1070g). If you have comments or concerns regarding the status of your individual submission of this information, please contact Beth Grebeldinger, [email protected] directly.