Student Assistance General Provisions - Subpart K - Cash Management

Forms and Documents

Document Name	Status
Att_Cash Management.Pell Credit Balances.OMB.1845.NEW3.v.2.10.19.10.xls Supplementary Document	2010-10-22
Att_SUPPORTING STATEMENT Final OMB 1845 NEW3 V 2 10 21 10 SV DK edits (3) Clean.docx Supporting Statement A	2010-10-22

IC Document Collections

IC ID	Document Title	Status
194578	Program Integrity - 668.164(i) - State, Local or Tribal Governments	Modified
194577	Program Integrity - 668.164(i) - Private Sector	Modified
194576	Program Integrity - 668.164(i) - Proprietary Institutions	Removed

ICR Details

OMB Control No: 1845-0106	ICR Reference No: 201010-1845-009
Status: Historical Active	Previous ICR Reference No: 201006-1845-003
Agency/Subagency: ED/FSA	Agency Tracking No: 4429
Title: Student Assistance General Provisions - Subpart K - Cash Management
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/23/2010
	Date Received in OIRA: 10/22/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2013	36 Months From Approved
Responses	479,595	0	0
Time Burden (Hours)	54,336	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The final regulations require institutions to provide a way for a Federal Pell Grant eligible student to obtain or purchase, by the seventh day of a payment period, the books and supplies required for the payment period when certain conditions are met. If, 10 days before the beginning of the payment period the institution could disburse Title IV, Higher Education Act of 1965, as amended (HEA) program funds for which the student was eligible, and if disbursed a credit balance would result, the institution is required to provide to the student the lesser of the presumed credit balance or the amount needed by the student for books and supplies, as determined by the institution.

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Authorizing Statute(s): US Code: 20 USC 1082 Name of Law: Higher Education Act of 1965, as amended
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1840-AD02	Final or interim final rulemaking	75 FR 66831	10/29/2010

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 41453	07/16/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 57460	09/21/2010
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Program Integrity - 668.164(i) - State, Local or Tribal Governments
Program Integrity - 668.164(i) - Private Sector
Program Integrity - 668.164(i) - Proprietary Institutions

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	479,595	0	0	479,595	0	0
Annual Time Burden (Hours)	54,336	0	0	54,336	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a new collection package, therefore all burden is new. The new burden of 54,336 hours is a program change as a result of changing regulations.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 10/22/2010

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