[Federal Register Volume 77, Number 238 (Tuesday, December 11, 2012)]
[Notices]
[Pages 73626-73627]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-29817]


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DEPARTMENT OF EDUCATION

[Docket No. ED-2012-ICCD-0030]


Agency Information Collection Activities; Submission to the 
Office of Management and Budget for Review and approval; Comment 
Request; Student Assistance General Provisions--Non-Title IV Revenue 
Requirements (90/10)

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

ACTION: Notice

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SUMMARY: In accordance with the Paperwork Reduction 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 
January 10, 2013.

ADDRESSES: Comments submitted in response to this notice should be 
submitted electronically through the Federal eRulemaking Portal at 
http://www.regulations.gov by selecting Docket ID number ED-2012-ICCD-
0030 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 2E105, Washington, DC 20202-4537.

FOR FURTHER INFORMATION CONTACT: Electronically mail 
[email protected]. Please do not send comments here.

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.

[[Page 73627]]

    Type of Review: Extension of an existing information collection.
    Respondents/Affected Public: Private Sector (Business or for-profit 
institutions).
    Total Estimated Number of Annual Responses: 2,201.
    Total Estimated Number of Annual Burden Hours: 3,302 .
    Abstract: As provided by the Higher Education Opportunity Act (Pub. 
L. 110-315), the regulations provide that a proprietary institution 
must derive at least 10% of its annual revenue from sources other than 
Title IV, Higher Education Act (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 
request is for extending approval of reporting requirements contained 
in the regulations related to the administrative requirements of the 
non-Title IV revenue requirement (90/10) program. The information 
collection requirements in the regulations are necessary to determine 
eligibility to receive program benefits and to prevent fraud and abuse 
of program funds.

    Dated: December 5, 2012.
Stephanie Valentine,
Acting Director, Information Collection Clearance Division, Privacy, 
Information and Records Management Services, Office of Management.
[FR Doc. 2012-29817 Filed 12-10-12; 8:45 am]
BILLING CODE 4000-01-P