OMB files this
comment in accordance with 5 CFR 1320.11( c ). This OMB action is
not an approval to conduct or sponsor aninformation 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 draftfinal 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 apply to
institutions with programs that train students to be gainfully
employed in a recognized occupation (34 CFR 668.8(c)(3) and (d)).
The proposed regulations would require institutions to report the
CIP codes for all attendees whose FFEL or Direct Loan entered
repayment during the four prior Federal fiscal years. Thereafter,
institutions would report the CIP code information annually. To the
extent that the Department can determine average annual earnings
for students who graduated in the prior three year period, the
institution would be required to report on completers, their CIP
code, their program completion date, the amount of private
educational loans they obtained, and the amount of any
institutionally provided financing . On or after July 1, 2012,
unless the gainful employment program has a loan repayment rate of
at least 45 percent and an annual loan payment amount that is at
least 20 percent of discretionary income or 8 percent of average
annual income, the Department would notify the institution that it
must provide a debt warning disclosure on its Web site and in its
promotional and enrollment materials for all currently enrolled and
prospective students. When the Department places a gainful
employment program on restricted status, the institution must
annually provide employer affirmations confirming that the
curriculum aligns with the employer's recognized occupations at
that employer's business, as well as, disclosing the debt warnings.
During and limited to the award year beginning July 1, 2012, when
an institution is notified by the Department that a gainful
employment program is ineligible, 5 percent of the programs with
the lowest loan repayment rate would no longer be eligible to
provide Title IV, HEA program assistance to new students in that
program. For the remaining ineligible programs, the institution
would be required to report to the Department unaffiliated employer
affirmations that the curriculum aligns with the recognized
occupations at that employer's business and provide debt warning
disclosures on the institution's Web site and to current and
prospective students. Finally, under these proposed regulations,
before an affected institution may offer additional programs that
prepare students for gainful employment in a recognized occupation,
the institution would submit additional information to the
Department for approval. That additional information would include
approval notice by the institution's accreditor when the additional
program constitutes a substantial change. The institution would
provide enrollment projections for the upcoming 5 year period and
provide documentation from unaffiliated employers affirming that
the curriculum of the additional program aligns with the recognized
occupations at the employer's business. The affirmations must
include the number and location of the employer's businesses, as
well as, projected job vacancies commensurate with the anticipated
size of the additional program.
The burden increase associated
with the proposed regulations is as a result of the proposed
reporting and disclosure requirements for institutions that prepare
students in programs that lead to gainful employment in a
recognized occupation.
No
No
No
Uncollected
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.