Fiscal Operations Report for
2021-2022 and Application to Participate 2023-2024 (FISAP) and
Reallocation Form
No
material or nonsubstantive change to a currently approved
collection
No
Regular
11/09/2021
Requested
Previously Approved
05/31/2023
05/31/2023
3,778
3,893
89,396
89,846
0
0
The Higher Education Opportunity Act
(HEOA) (P.L. 110-315) was enacted on August 14, 2008 and
reauthorized the Higher Education Act of 1965, as amended, (HEA).
It requires participating Title IV institutions to apply for funds
and report expenditures for the Federal Perkins Loan (Perkins), the
Federal Supplemental Educational Opportunity Grant (FSEOG) and the
Federal Work-Study (FWS) Programs on an annual basis. The data
submitted electronically in the Fiscal Operations Report and
Application to Participate (FISAP) is used by the Department of
Education to determine the institution’s funding need for the award
year and monitor program effectiveness and accountability of fund
expenditures. The data is used in conjunction with institutional
program reviews to assess the administrative capability and
compliance of the applicant. There are no other resources for
collecting this data. The HEA requires that if an institution
anticipates not using all of its allocated funds for the FWS, and
FSEOG programs by the end of an award year, it must specify the
anticipated remaining unused amount to the Secretary, who reduces
the institution’s allocation accordingly. The changes to the
version of the FISAP are to update the deadline and award year
references, incorporate new data fields added to capture cumulative
service cancellation reimbursement activity beginning in the
2019-20 award year under the Perkins Loan Program.
US Code:
20
USC 1087b Name of Law: Higher Education Act of 1965, as
amended
This is a request to update
current OMB lCR 1845-0030 to reference award year and date changes
for the Fiscal Operations Report for 2021-2022 and Application to
Participate 2023-2024 (FISAP) and Reallocation Form. The attached
tables outline the changes made to instructions due in part to the
Department's response to the COVID-19 pandemic and CARES Act
requirements. There is a slight decrease in the number of
institutions filing the FISAP and Reallocation forms, so there is a
decrease in the number of corresponding burden hours. The annual
reporting and record-keeping hours change to 89,396 hours, a 450
hour decrease and the respondents and reponses change to 3,778, a
decrease of 115 respondent and responses due to a change in the
number of institutions filing the FISA
$1,570,069
No
No
No
No
No
No
No
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.
Fiscal Operations Report for 2021-2022 and Application to Participate 2022-2023 (FISAP) and Reallocation Form
1845-0030 FISAP 83C Change Document Nov 2021.docx
1845-0030 FISAP 83C November 2021 Signed.pdf
Fiscal Operations Report for 2021-2022 and Application to Participate 2022-2023 (FISAP) and Reallocation Form