Student Assistance General Provisions – Student Right-to-Know (SRK)

Forms and Documents

Document Name	Status
1845-0004 Supporting Statement BD NPRM.docx Supporting Statement A	2016-06-14

IC Document Collections

IC ID	Document Title	Status
22137	Student Right-to-Know (SRK) For-profit Institutions Other-Regulations	Modified
189909	Student Right-to-Know (SRK) Public Institutions Other-Regulations	Modified
189908	Student Right-to-Know (SRK) Private Institutions Other-Regulations	Modified

ICR Details

OMB Control No: 1845-0004	ICR Reference No: 201606-1845-005
Status: Historical Inactive	Previous ICR Reference No: 201508-1845-001
Agency/Subagency: ED/FSA	Agency Tracking No:
Title: Student Assistance General Provisions – Student Right-to-Know (SRK)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 08/15/2016
	Date Received in OIRA: 06/16/2016
Terms of Clearance: OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. Resubmit when proposed rule is finalized.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2018	36 Months From Approved	12/31/2018
Responses	30,022	0	30,022
Time Burden (Hours)	18,670	0	18,670
Cost Burden (Dollars)	0	0	0

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Abstract: The Department of Education (the Department) proposes to amend the Student Assistance General Provisions regulations issued under the Higher Education Act of 1965, as amended (HEA), to implement changes made to §668.41 - Reporting and disclosure of information. These proposed regulations are a result of negotiated rule-making and would add new requirements to the current regulations. These proposed regulations are intended to ensure that current and prospective students are provided with warnings through individual or group notification if a proprietary institution’s repayment rate, as calculated by the Department, meets specified criteria and that such required rate information are prominently included in all promotional materials. Additionally, current and prospective students must be provided with warnings through individual or group notification if the Department requires a private or proprietary institution to provide financial protections, such as a letter of credit based on specified criteria. The proposed regulations also provide for a challenge process for proprietary institutions regarding the Department’s repayment rate calculations.

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Authorizing Statute(s): US Code: 20 USC 1092, 1094, 1099c Name of Law: Higher Education Act of 1998 amended
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1840-AD19	Proposed rulemaking	81 FR 39330	06/16/2016

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Student Right-to-Know (SRK) Private Institutions
Student Right-to-Know (SRK) For-profit Institutions
Student Right-to-Know (SRK) Public Institutions

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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 request is to revise the currently approved information collection. These changes are due to the proposed regulations offered through program change. The increase in burden to this information collection is 134,860 hours. These changes to the regulations are a result of negotiated rulemaking.

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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: 06/16/2016

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