Enrollment in SAIG allows eligible entities to exchange Title IV information electronically with the Department of Education. Users are able to receive, transmit, view and update student financial aid data via SAIG. Eligible respondents include postsecondary educational institutions that participate in federal student financial aid programs, financial aid servicers of eligible institutions, FFELP state and guaranty agencies, FFELP lenders, and need analysis servicers.
US Code:
20 USC 1018
Name of Law: Higher Education Act 1965 as amended, Section 141(b)(2)
The 2007 annual burden is estimated to be 5,983 hours, which is based on the actual number of forms processed from January December 2006. The current OMB inventory of 6,221 hours was based on 86% of the respondents in 2003 using the web-based enrollment form. In 2006 99.6% of respondents used the online form, reducing the overall effort to complete the SAIG enrollment process to 5,983 hours.
This results in a decrease of 238 hours to the OMB inventory. We expect future enrollment volumes to remain consistent with past volumes
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.