Fiscal Operations Report for 2025-2026 and Application to Participate 2027-2028 (FISAP) and Reallocation Form
Extension without change of a currently approved collection
No
Regular
03/27/2026
Requested
Previously Approved
36 Months From Approved
04/30/2026
3,691
3,778
84,756
88,626
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.
The HEA requires that if an institution anticipates not using all of its allocated funds for the FWS, and FSEOG programs by the end of an award year, it must specify the anticipated remaining unused amount to the Secretary, who reduces the institutionâs allocation accordingly.
US Code:
20 USC 1087b
Name of Law: Higher Education Act of 1965, as amended
This is a request for renewal. The Department has updated the number of responses and burden hours based on respondent participation in the most recent FISAP from October 2025 for a total of 3,691 responses and 84,756 burden hours. This is a decrease of 87 responses and a decrease of 3,870 burden hours.
$1,809,877
No
No
No
No
No
No
No
Carolyn Rose 202 803-1502
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 2024-2025 and Application to Participate 2026-2027 (FISAP) and Reallocation Form (Private-Proprietary)