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89 FR 35 pgs. 13059-13060 - Agency Information Collection Activities; Comment Request; Gainful Employment/Financial Value Transparency Reporting Requirements

Type: NOTICEVolume: 89Number: 35Pages: 13059 - 13060
Docket number: [Docket No.: ED-2024-SCC-0030]
FR document: [FR Doc. 2024-03512 Filed 2-20-24; 8:45 am]
Agency: Education Department
Official PDF Version:  PDF Version
Pages: 13059, 13060

[top] page 13059

DEPARTMENT OF EDUCATION

[Docket No.: ED-2024-SCC-0030]

Agency Information Collection Activities; Comment Request; Gainful Employment/Financial Value Transparency Reporting Requirements

AGENCY:

Federal Student Aid (FSA), Department of Education (ED).

ACTION:

Notice.

SUMMARY:

In accordance with the Paperwork Reduction Act (PRA) of 1995, the Department is proposing a new information collection request (ICR).

DATES:

Interested persons are invited to submit comments on or before April 22, 2024.

ADDRESSES:

To access and review all the documents related to the information collection listed in this notice, please use http://www.regulations.gov by searching the Docket ID number ED-2024-SCC-0030. Comments submitted in response to this notice should be submitted electronically through the Federal eRulemaking Portal at http://www.regulations.gov by selecting the Docket ID number or via postal mail, commercial delivery, or hand delivery. If the regulations.gov site is not available to the public for any reason, the Department will temporarily accept comments at ICDocketMgr@ed.gov. Please include the docket ID number and the title of the information collection request when requesting documents or submitting comments. Please note that comments submitted after the comment period will not be accepted. Written requests for information or comments submitted by postal mail or delivery should be addressed to the Manager of the Strategic Collections and Clearance Governance and Strategy Division, U.S. Department of Education, 400 Maryland Ave. SW, LBJ, Room 6W203, Washington, DC 20202-8240.

FOR FURTHER INFORMATION CONTACT:

For specific questions related to collection activities, please contact Beth Grebeldinger, 202-377-4018.

SUPPLEMENTARY INFORMATION:


[top] The Department, in accordance with the Paperwork Reduction Act of 1995 (PRA) page 13060 (44 U.S.C. 3506(c)(2)(A)), provides the general public and Federal agencies with an opportunity to comment on proposed, revised, and continuing collections of information. This helps the Department assess the impact of its information collection requirements and minimize the public's reporting burden. It also helps the public understand the Department's information collection requirements and provide the requested data in the desired format. The Department is soliciting comments on the proposed information collection request (ICR) that is described below. The Department is especially interested in public comment addressing the following issues: (1) is this collection necessary to the proper functions of the Department; (2) will this information be processed and used in a timely manner; (3) is the estimate of burden accurate; (4) how might the Department enhance the quality, utility, and clarity of the information to be collected; and (5) how might the Department minimize the burden of this collection on the respondents, including through the use of information technology. Please note that written comments received in response to this notice will be considered public records.

Title of Collection: Gainful Employment/Financial Value Transparency Reporting Requirements.

OMB Control Number: 1845-NEW.

Type of Review: A new ICR.

Respondents/Affected Public: State, local, and Tribal governments.

Total Estimated Number of Annual Responses: 149,800.

Total Estimated Number of Annual Burden Hours: 2,665,823.

Abstract: The regulations in §?668.408 in Subpart Q-Financial Value Transparency, that were negotiated in 2022 and the Final Rule published in 2023, establish reporting requirements for postsecondary institutions who participate in the title IV programs under the Higher Education Act of 1965, as amended, to report on their students who enroll in, complete, or withdraw from a gainful employment (GE) program or an eligible non-GE program in specified award years. The new regulations also define the timeframes for institutions to report the required information. This is a request for a new collection to allow the Department to obtain the required information and assess the burden on institutions. The average burden hours of 2,665,823 is for the average 149,860 responses for 4,518 respondents over 3 years. We divided the total 3 year burden hours of 7,997,468, and the 499,580 responses by 3 to obtain these averages.

Dated: February 15, 2024.

Kun Mullan,

PRA Coordinator, Strategic Collections and Clearance, Governance and Strategy Division, Office of Chief Data Officer, Office of Planning, Evaluation and Policy Development.

[FR Doc. 2024-03512 Filed 2-20-24; 8:45 am]

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