Public Law 89-329, Sections 401-495,
the Higher Education Act of 1965, as amended (HEA), mandates that
the Secretary of Education '...shall produce, distribute, and
process free of charge common financial reporting forms as
described in this subsection to be used for application and
reapplication to determine the need and eligibility of a student
for financial assistance...'. The determination of need and
eligibility are for the following Title IV, HEA, federal student
financial assistance programs: the Federal Pell Grant Program; the
Campus-Based programs (Federal Supplemental Educational Opportunity
Grant (FSEOG), Federal Work-Study (FWS), and the Federal Perkins
Loan Program); the William D. Ford Federal Direct Loan Program; the
Teacher Education Assistance for College and Higher Education
(TEACH) Grant; and the Iraq and Afghanistan Service Grant. Federal
Student Aid, an office of the U.S. Department of Education
(hereafter 'the Department'), subsequently developed an application
process to collect and process the data necessary to determine a
student's eligibility to receive Title IV, HEA program assistance.
The application process involves an applicant's submission of the
Free Application for Federal Student Aid (FAFSA). After submission
and processing of the FAFSA, an applicant receives a Student Aid
Report (SAR), which is a summary of the processed data they
submitted on the FAFSA. The applicant reviews the SAR, and, if
necessary, will make corrections or updates to their submitted
FAFSA data.
The Department is reporting a
net burden increase of 204,513 hours attributed to the increase in
applicants. The projected increase in applicants for 2014-2015 is
294,836.
$83,589,846
No
No
No
No
No
Uncollected
kathy axt 540 776-7742
kathy.axt@ed.gov
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.