The final regulations require an
institution to report for each student who, during an award year,
began attending or completed a program that leads to gainful
employment in a recognized occupation the following information;
information to identify the student and the location of the
institution the student attended, the Classification of
Instructional Program (CIP) code for each occupational training
program that each student either began or completed, the completion
date, the amount of private education loans and institutional
financing incurred by each graduate, and whether a student
matriculated into a higher credentialed program of study at the
same or another institution. In addition, the final regulations
will require the following disclosures to prospective students: the
name and Standard Occupational Classification (SOC) code for 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, or a representative sample of SOC codes for graduates of its
program; information about on-time graduation rates for students
completing the program; the total amount of tuition and fees
charged for completing the program within the normal time it takes
to complete the course requirements as published in the
institution's catalog, along with the typical costs for books and
supplies, and the cost of room and board, if applicable, including
providing a Web link or access to the program cost information the
institution makes available to all enrolled and prospective
students under section 668.43(a). Beginning July 1, 2011, the
placement rate information as determined under the institution's
accrediting agency or State requirements, or the placement rate
that will be determined in the future by the National Center for
Education Statistics (NCES) and reported to the institution. In
addition, the institution must disclose the median loan debt
incurred by students who completed the program as provided by the
Secretary, as well as any other information about the program
provided by the Secretary. The institution must identify separately
the median title IV, Higher Education Act (HEA) loan debt and the
median loan debt from the private education loan debt and
institutional financing plans. For each program, the institution
must include the accreditation and licensing information provided
to all currently enrolled as well as prospective students as posted
on the institution's Web site.
US Code:
20
USC 1082 Name of Law: Higher Education Act of 1965, as
amended
The burden increase of 677,190
hours is a program change associated with the final regulation as a
result of the requirement for institutions that prepare students in
programs that lead to gainful employment in a recognized occupation
to report and disclose a variety of information. Reporting will be
required to associate classification of instructional program (CIP)
codes for each program that leads to gainful employment as well as
the location of the institution where the student either begins
study or completes the program within the award year. In addition,
the institutions will report information that will identify the
students in those programs, the date the student completed the
program, the amount the student received from private education
loans and institutional financing programs, and whether the student
matriculated into a higher credentialed program of study at the
same or another institution. In addition, for each program under
these final regulations, the institution will 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 will 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 July 1, 2011, institutions
will report the placement rate for students completing the program
as determined by their accrediting agency or State, until a new
rate as developed by the National Center for Education Statistics
(NCES) will be provided to the institution by the Department. In
addition, the institution will disclose the median title IV, Higher
Education Act of 1965, as amended (HEA) student loan debt incurred
by students who completed the program and separately the median
private education loan and institutional financing debt that was
incurred by graduating students.
$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 10 21 10 Clean DK SV edits (3).docx
Att_Gainful Employment.OMB1845.NEW1.10.18.10.DK.xls
State, Local or Tribal Governments