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 of1995. 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. Pursuant to
5 CFR 1320.11(c), OMB files this comment on this information
collection request (ICR). In accordance with 5 CFR 1320, OMB is
withholding approval at this time. The agency shall examine public
comment in response to the NPRM and will describe in the preamble
of the final rule how the agency has maximized the practical
utility of the collection and minimized the burden. The next
submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
0
0
0
0
0
0
0
0
0
The proposed regulations require an
institution to report annually for each student who completes a
program that leads to gainful employment in a recognized occupation
identifier information about student completers, the CIP code for
each occupational training program, the completion date, and
information about the amount of private education loans and
institutional financing incurred by each graduate. In addition, the
proposed regulations would require the following disclosures on the
institution's Web site: the name of each occupational training
program and links to the Department of Labor's O- Net site to
obtain occupation profile data using a SOC code, information about
on-time graduation rates for students entering the program, cost
information (including tuition, fees, room and board, and other
institutional costs incurred for enrolling in the program),
placement rate information for students who completed the program,
and the median debt incurred by students who completed the program
during the preceding three years. The institution must identify
separately the median Title IV, HEA loan debt from the private
education loan debt and institutional financing plans.
The burden hours requested of
105,377 that are associated with the proposed new regulation is as
a result of the proposed requirement for institutions that prepare
students in programs that lead to gainful employment in a
recognized occupation to report a variety of information. Annual
reporting would be required to associate classification of
instructional program (CIP) codes for each program that leads to
gainful employment. In addition, the institutions would report
information that will identify the students in those programs, the
date the student completed the program, and the amount the student
received from private educational loans and institutional financing
programs. In addition, for each program under these proposed
regulations, the institution would report on its Web site the name
of the occupation and its Standard Occupational Classification
(SOC) code along with links to occupational links available through
the Department of Labor's O-NET Web site. The institutional
information would also include reporting about on-time graduation
rates, cost of tuition and fees, the cost of room and board, and
other institutional costs that a typical student would incur.
Finally, beginning no later than June 30, 2013, institutions would
report the placement rate for students completing the program and
the median student loan debt incurred by students who completed the
program in the preceding three year period.
$0
No
No
No
No
No
Uncollected
Dan Klock 202 377-4026
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.
Att_SUPPORTING STATEMENT.OMB.1845.NEW1.V.2.07.2.10.DK.docx
Gainful Employment - 668.6b - Public Institutions