Approved as amended by ED's 11/3/94 memorandum to OMB. In addition, E shall meet the following conditions: -- Recent final regulations for the Pell Grant program have eliminated the need for a signature on electronic versions of the SAR or related correction documents starting in AY 1995-96. This will reduce burden for institutions significantly relative to the AY 1994-95 process; however, institutions will incur additional, one-year burden during AY 1995-96 due to the temporary requirement that they send copies of the reprocessed SAR to students (ED will send SARs directly to students starting in 1996-97). ED has committed to making these changes known the financial aid community, and to students through schools. This shall occur as soon as possible and appropriate, and in a sufficiently expansive fashion to ensure understanding of the changes by schools an students. ED shall also submit an inventory correction worksheet as soon as possible to adjust the burden figures for these changes. -- When the National Student Data System is able to record complete histories of student loans at all schools, ED will remove the loan lim certification (also applies to the grant cert. given NSLDS grant info. -- ED shall indicate on any future advance SAR information rele all draft changes to the SAR are contingent on OMB approval. note that changes to certifications based on final verific remain contingent on the publication of those rules.
Inventory as of this Action
Requested
Previously Approved
12/31/1996
12/31/1996
12/31/1995
13,833,193
0
12,667,589
3,486,182
0
3,229,375
0
0
0
THE STUDENT AID REPORT (SAR) IS USED TO NOTIFY APPLICANTS OF THEIR ELIGIBILITY TO RECEIVE FEDERAL FINANCIAL AID. THE FORM IS SUBMITTED B THE APPLICANT TO THE PARTICIPATING INSTITUTION OF THEIR CHOICE. THE INSTITUTION SUBMITS PART 3 OF THE SAR TO ED TO RECEIVE FUNDS FOR THE APPLICANT.
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.