Publication Date: October 16, 2015

Posted Date: October 16, 2015

Subject: Comment Request: Non-Title IV Revenue Requirements (90/10)

FR Type: Notice

Comment Request: Non-Title IV Revenue Requirements (90/10) in PDF Format, 176KB, 2 Pages


[Federal Register Volume 80, Number 200 (Friday, October 16, 2015)]
[Notices]
[Pages 62524-62525]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-26343]

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DEPARTMENT OF EDUCATION

[Docket No.: ED-2015-ICCD-0122]

Agency Information Collection Activities; Comment Request; 
Student Assistance General Provisions--Non-Title IV Revenue 
Requirements (90/10)

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

ACTION: Notice.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (44 
U.S.C. chapter 3501 et seq.), ED is proposing an extension of an 
existing information collection.

DATES: Interested persons are invited to submit comments on or before 
December 15, 2015.

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-2015-ICCD-0122.  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. Please note that comments 
submitted by fax or email and those 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 
Director of the Information Collection Clearance Division, U.S. 
Department of Education, 400 Maryland Avenue SW., LBJ, Room 2E103, 
Washington, DC 20202-4537.

FOR FURTHER INFORMATION CONTACT: For specific questions related to 
collection activities, please contact Beth Grebeldinger, 202-377-4018.

SUPPLEMENTARY INFORMATION: The Department of Education (ED), in 
accordance with the Paperwork Reduction Act of 1995 (PRA) (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. ED is soliciting comments on the proposed 
information collection request (ICR) that is described below. The 
Department of Education 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: Student Assistance General Provisions--Non-
Title IV Revenue Requirements (90/10).
OMB Control Number: 1845-0096.
Type of Review: An extension of an existing information collection.
Respondents/Affected Public: State, Local and Tribal Governments.
Total Estimated Number of Annual Responses: 3,360.
Total Estimated Number of Annual Burden Hours: 5,040.
Abstract: As enacted by the Higher Education Opportunity Act (Pub. 
L. 110-315), the regulations in 34 CFR 668.28 provide that a 
proprietary institution must derive at least 10% of its annual revenue 
from sources other than Title IV, HEA funds, sanctions for failing to 
meet this requirement, and otherwise implement the statute by (1) 
specifying a Net Present Value (NPV) formula used to establish the 
revenue for institutional loans, (2) providing an administratively 
easier alternative to the NPV calculation, and (3) describing more 
fully the non-Title IV eligible programs from which revenue may be 
counted for 90/10 purposes. The regulations require an institution to 
disclose in a footnote to its audited financial statements the amounts 
of Federal and non-Federal revenues, by category, that it used in 
calculating its 90/10 ratio (see section 487(d) of the HEA). This is a 
request to extend the information collection that identifies the 
reporting burden for this regulation.

Dated: October 13, 2015.
Kate Mullan,
Acting Director, Information Collection Clearance Division, Office of 
the Chief Privacy Officer, Office of Management.
[FR Doc. 2015-26343 Filed 10-15-15; 8:45 am]
BILLING CODE 4000-01-P

Attachments/Enclosures:

Comment Request: Non-Title IV Revenue Requirements (90/10) in PDF Format, 176KB, 2 Pages

   

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