Notice2024-10905
Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Financial Value Transparency and Gainful Employment Reporting Requirements
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 17, 2024
Issuing agencies
Education Department
Abstract
In accordance with the Paperwork Reduction Act (PRA) of 1995, the Department is proposing a new information collection request (ICR).
Full Text
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<title>Federal Register, Volume 89 Issue 97 (Friday, May 17, 2024)</title>
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[Federal Register Volume 89, Number 97 (Friday, May 17, 2024)]
[Notices]
[Pages 43390-43391]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-10905]
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DEPARTMENT OF EDUCATION
[Docket No.: ED-2024-SCC-0030]
Agency Information Collection Activities; Submission to the
Office of Management and Budget for Review and Approval; Comment
Request; Financial Value Transparency and Gainful Employment Reporting
Requirements
AGENCY: Federal Student Aid (FSA), Department of Education (ED).
ACTION: Notice.
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SUMMARY: In accordance with the Paperwork Reduction Act (PRA) of 1995,
the Department is proposing a new information collection request (ICR).
DATES: Interested persons are invited to submit comments on or before
June 17, 2024.
ADDRESSES: Written comments and recommendations for proposed
information collection requests should be submitted within 30 days of
publication of this notice. Click on this link <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a> to access the site. Find this information collection request
(ICR) by selecting ``Department of Education'' under ``Currently Under
Review,'' then check the ``Only Show ICR for Public Comment'' checkbox.
<a href="http://Reginfo.gov">Reginfo.gov</a> provides two links to view documents related to this
information collection request. Information collection forms and
instructions may be found by clicking on the ``View Information
Collection (IC) List'' link. Supporting statements and other supporting
documentation may be found by clicking on the ``View Supporting
Statement and Other Documents'' link.
FOR FURTHER INFORMATION CONTACT: For specific questions related to
collection activities, please contact Beth Grebeldinger, 202-570-8414.
SUPPLEMENTARY INFORMATION: The Department is especially interested in
[[Page 43391]]
public comment addressing the following issues: (1) is this collection
necessary to the proper functions of the Department; (2) will this
information be processed and used in a timely manner; (3) is the
estimate of burden accurate; (4) how might the Department enhance the
quality, utility, and clarity of the information to be collected; and
(5) how might the Department minimize the burden of this collection on
the respondents, including through the use of information technology.
Please note that written comments received in response to this notice
will be considered public records.
Title of Collection: Financial Value Transparency and Gainful
Employment Reporting Requirements.
OMB Control Number: 1845-NEW.
Type of Review: A new ICR.
Respondents/Affected Public: State, Local, and Tribal Governments;
Private Sector.
Total Estimated Number of Annual Responses: 284,574.
Total Estimated Number of Annual Burden Hours: 2,300,810.
Abstract: The regulations in Sec. 668.408 in Subpart Q--Financial
Value Transparency, that were negotiated in 2022 and the Final Rule
published in 2023, establish reporting requirements for postsecondary
institutions who participate in the title IV programs under the Higher
Education Act of 1965, as amended, to report on their students who
enroll in, complete, or withdraw from a gainful employment (GE) program
or an eligible non-GE program in specified award years. The new
regulations also define the timeframes for institutions to report the
required information. This is a new collection. We calculate the
average annual burden hours as 2,300,810 for the average 284,574
responses by 4,518 respondents over 3 years. We divided the total 3
year burden hours 6,902,430 by the 853,723 responses to obtain these
averages.
Dated: May 14, 2024.
Stephanie Valentine,
PRA Coordinator, Strategic Collections and Clearance, Governance and
Strategy Division, Office of Chief Data Officer, Office of Planning,
Evaluation and Policy Development.
[FR Doc. 2024-10905 Filed 5-16-24; 8:45 am]
BILLING CODE 4000-01-P
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</html>Indexed from Federal Register on May 17, 2024.
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