Request for Title IV Reimbursement or Heightened Cash Monitoring 2 (HCM2)

ICR 201706-1845-002

OMB: 1845-0089

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
1845-0089 201706-1845-002
Historical Active 201408-1845-003
ED/FSA
Request for Title IV Reimbursement or Heightened Cash Monitoring 2 (HCM2)
Extension without change of a currently approved collection   No
Regular
Approved without change 09/21/2017
Retrieve Notice of Action (NOA) 08/18/2017
  Inventory as of this Action Requested Previously Approved
09/30/2020 36 Months From Approved 12/31/2017
732 0 732
3,660 0 3,660
0 0 0

The collection of this information is needed in order for the Payment Analysts in Federal Student Aid, an office of the U. S. Department of Education, to review and process the institutional payment request for Title IV funds. The Higher Education Act of 1965, as amended (HEA) requires that the Secretary prescribe regulations to ensure that any funds eligible postsecondary institutions receive under the HEA are used solely for the purposes specified in and in accordance with the provision of the applicable program. 34 CFR 668.161 and 668.162 establish the rules and procedures for a participating institution to request, maintain, disburse, and manage Title IV program funds.

US Code: 20 USC 1094 Name of Law: Title IV, HEA of 1965, as amended
  
None

Not associated with rulemaking

  82 FR 27252 06/14/2017
82 FR 39418 08/18/2017
No

1
IC Title Form No. Form Name
Request for Title IV Reimbursement or Heightened Cash Monitoring 2 (HCM2) Form 270 Title IV Reimbursement for Heightened Cash Monitoring

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 732 732 0 0 0 0
Annual Time Burden (Hours) 3,660 3,660 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$17,040
No
    Yes
    No
No
No
No
Uncollected
Joanne Cheatom 202 377-3730 joanne.cheatom@ed.gov

  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.
08/18/2017


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