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
This is an extension of the
current collection package and there is a decrease in the amount of
burden in the current inventory. The burden change of 448,152
hours, 2,611,405 respondents and 2,645,033 responses are due to
estimated decreases in the number of prospective students as well
as a decrease in the estimated number of gainful employment
programs that would require the regulatory disclosures.
Additionally, due to the removal of a section of the regulations, a
large number of burden hours (668,758) and respondents/responses
(16,274,929) are also removed from the information collection.
$50,000
No
No
No
No
No
Uncollected
Beth Grebeldinger 202
708-8242
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.