Application for Approval to Participate in Federal Financial Aid Programs

ICR 199601-1840-002

OMB: 1840-0098

Federal Form Document

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ICR Details
1840-0098 199601-1840-002
Historical Active 199507-1840-001
ED/OPE
Application for Approval to Participate in Federal Financial Aid Programs
Revision of a currently approved collection   No
Emergency 01/26/1996
Approved without change 02/27/1996
Retrieve Notice of Action (NOA) 01/19/1996
Approved as amended by ED's memoranda to OMB of 1/29/96, 2/22/96, and 2/26/96. In addition, ED has agreed to meet the following conditions: -- This emergency clearance is approved through April 18, 1996, pursuant to 5 CFR 1320.13. ED will publish a request for comment under the standard PRA review procedures immediately. -- ED will provide a plan for reviewing all schools by the HEA review deadline of 7/97, and for targeting resources on at-risk schools, no later than the request for standard PRA clearance. ED will provide OMB with semi-annual updates on progress. -- ED will transition to a fully electronic application system as rapidly as possible. This includes allowing schools to submit by disk-only immediately; allowing internet transmission, scanned documents, and transmission of electronic signatures no later than clearance of the standard PRA package (unless ED provides compelling evidence why this cannot be done); electronic transfer of the data directly into ED's PEPS system as soon as possible; and pre-printing of as much information as possible for the next round of recertification applications to reduce burden. -- ED shall review, as soon as possible and in time to allow for potential final rulemaking by 12/1/96, rules that currently require institutional eligibility to lapse upon change of ownership while at the same time not permitting reapplication until after the ownership has changed. This regulatory scheme necessitates a lapse in eligibility for all changes in ownership, even those made for legitimate business reasons. -- ED shall reconsider the merits of collecting sub-degree program information from degree-granting institutions, and either remove these questions for such schools or demonstrate that a sufficient problem exists to merit continued collection. OMB will reexamine this issue in reviewing the standard PRA package. -- ED will monitor responses to Q. 11 to determine whether the name and address of the CFO need be retained, and recommed whether to continue this question in its standrad PRA submission. -- ED will monitor responses to Q. 17 to determine whether the wording could be clarified in the standard package. -- ED will examine whether, given Q. 37, a separate application continues to be needed for the Direct Loan program with regard to new schools and schools that apply for recertification. Unless ED provides sufficient justification for why a Direct Loan form must be completed by these applicants, OMB will not reapprove that form (OMB #1840-0664) for schools that complete this recertification application.
  Inventory as of this Action Requested Previously Approved
04/30/1996 04/30/1996 02/28/1996
2,219 0 12,440
36,073 0 197,005
0 0 0

The Higher Education Act of 1965, as amended, requires postsecondary institutions to complete and submit this application as a condition of eligibility for any of the title IV student financial assistance programs and for the other postsecondary programs authorized by the HEA. An institution must submit the form (1) initially when it first seeks to become eligible for the title IV programs, (2) every 4 years after initial certification ("recertification"), (3) when it changes ownership, merges, or changes from a "profit" to a "nonprofit" institution, and (4) to be reinstated to....

None
None


No

1
IC Title Form No. Form Name
Application for Approval to Participate in Federal Financial Aid Programs

  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 2,219 12,440 0 -837 -9,384 0
Annual Time Burden (Hours) 36,073 197,005 0 -13,177 -147,755 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  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.
01/19/1996


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