[Federal Register Volume 89, Number 97 (Friday, May 17, 2024)]
[Notices]
[Pages 43390-43391]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-10905]


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DEPARTMENT OF EDUCATION

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


Agency Information Collection Activities; Submission to the 
Office of Management and Budget for Review and Approval; Comment 
Request; Financial Value Transparency and Gainful Employment Reporting 
Requirements

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

ACTION: Notice.

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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 
June 17, 2024.

ADDRESSES: Written comments and recommendations for proposed 
information collection requests should be submitted within 30 days of 
publication of this notice. Click on this link www.reginfo.gov/public/do/PRAMain to access the site. Find this information collection request 
(ICR) by selecting ``Department of Education'' under ``Currently Under 
Review,'' then check the ``Only Show ICR for Public Comment'' checkbox. 
Reginfo.gov provides two links to view documents related to this 
information collection request. Information collection forms and 
instructions may be found by clicking on the ``View Information 
Collection (IC) List'' link. Supporting statements and other supporting 
documentation may be found by clicking on the ``View Supporting 
Statement and Other Documents'' link.

FOR FURTHER INFORMATION CONTACT: For specific questions related to 
collection activities, please contact Beth Grebeldinger, 202-570-8414.

SUPPLEMENTARY INFORMATION: The Department is especially interested in

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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: Financial Value Transparency and Gainful 
Employment Reporting Requirements.
    OMB Control Number: 1845-NEW.
    Type of Review: A new ICR.
    Respondents/Affected Public: State, Local, and Tribal Governments; 
Private Sector.
    Total Estimated Number of Annual Responses: 284,574.
    Total Estimated Number of Annual Burden Hours: 2,300,810.
    Abstract: The regulations in Sec.  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 new collection. We calculate the 
average annual burden hours as 2,300,810 for the average 284,574 
responses by 4,518 respondents over 3 years. We divided the total 3 
year burden hours 6,902,430 by the 853,723 responses to obtain these 
averages.

    Dated: May 14, 2024.
Stephanie Valentine,
PRA Coordinator, Strategic Collections and Clearance, Governance and 
Strategy Division, Office of Chief Data Officer, Office of Planning, 
Evaluation and Policy Development.
[FR Doc. 2024-10905 Filed 5-16-24; 8:45 am]
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