66932 Federal Register / Vol. 75, No. 209 / Friday, October 29, 2010 / Rules and RegulationsWReier-Aviles on DSKGBLS3C1PROD with RULES2Reporting Disbursements, Adjustments,and Cancellations (§§ 685.102(b),685.301(e), 686.2(b), and 686.37(b))Comment: A few commenterssupported the proposed regulations toadopt the Federal Pell Grant reportingrequirements for the TEACH Grant andDirect Loan programs and to add theFederal Pell Grant definition <strong>of</strong> the termPayment Data to the two otherprograms.Discussion: We believe thatharmonizing the reporting requirementsfor the Federal Pell Grant, TEACHGrant, and Direct Loan programs inaccordance with procedures establishedby the Secretary through publication inthe Federal Register will make it easierfor institutions to administer theprograms. In addition, this flexibility toadjust the reporting requirements for allthree programs through publication inthe Federal Register will enable theSecretary to make changes in the futurethat take advantage <strong>of</strong> new technologyand improved business processes.Changes: None.Executive Order 12866Regulatory Impact AnalysisUnder Executive Order 12866, theSecretary must determine whether theregulatory action is ‘‘significant’’ andtherefore subject to the requirements <strong>of</strong>the Executive Order and subject toreview by the OMB. Section 3(f) <strong>of</strong>Executive Order 12866 defines a‘‘significant regulatory action’’ as anaction likely to result in a rule that may(1) Have an annual effect on theeconomy <strong>of</strong> $100 million or more, oradversely affect a sector <strong>of</strong> the economy,productivity, competition, jobs, theenvironment, public health or safety, orState, local or tribal governments orcommunities in a material way (alsoreferred to as an ‘‘economicallysignificant’’ rule); (2) create seriousinconsistency or otherwise interferewith an action taken or planned byanother agency; (3) materially alter thebudgetary impacts <strong>of</strong> entitlement grants,user fees, or loan programs or the rightsand obligations <strong>of</strong> recipients there<strong>of</strong>; or(4) raise novel legal or policy issuesarising out <strong>of</strong> legal mandates, thePresident’s priorities, or the principlesset forth in the Executive order.Pursuant to the terms <strong>of</strong> the Executiveorder, we have determined thisproposed regulatory action will have anannual effect on the economy <strong>of</strong> morethan $100 million. Therefore, this actionis ‘‘economically significant’’ and subjectto OMB review under section 3(f)(1) <strong>of</strong>Executive Order 12866.Notwithstanding this determination, wehave assessed the potential costs andbenefits—both quantitative andqualitative—<strong>of</strong> this regulatory action.The agency believes that the benefitsjustify the costs.A detailed analysis, including the<strong>Department</strong>’s Regulatory Flexibility Actcertification, is found in Appendix A tothese final regulations.Paperwork Reduction Act <strong>of</strong> 1995Sections 668.6, 668.8, 668.16, 668.22,668.34, 668.43, 668.55, 668.56, 668.57,668.59, 668.144, 668.150, 668.151,668.152, and 668.164 containinformation collection requirements.Under the Paperwork Reduction Act <strong>of</strong>1995 (44 U.S.C. 3507(d)), the<strong>Department</strong> has submitted a copy <strong>of</strong>these sections to OMB for its review.Section 668.6—Gainful EmploymentThe final regulations will impose newrequirements on certain programs thatby law must, for purposes <strong>of</strong> the title IV,HEA programs, prepare students forgainful employment in a recognizedoccupation. For public and privatenonpr<strong>of</strong>it institutions, a program thatdoes not lead to a degree will be subjectto the eligibility requirement that theprogram lead to gainful employment ina recognized occupation, while aprogram leading to a degree, includinga two-academic-year program fullytransferrable to a baccalaureate degree,will not be subject to this eligibilityrequirement. For proprietaryinstitutions, all eligible degree and nondegreeprograms will be required to leadto gainful employment in a recognizedoccupation, except for a liberal artsbaccalaureate program under section102(b)(1)(A)(ii) <strong>of</strong> the HEA.An institution will be required underfinal § 668.6(a) to report for eachstudent, who during an award year,began attending or completed a programunder § 668.8(c)(3) or (d), informationthat includes, at a minimum,information needed to identify thestudent and the location <strong>of</strong> theinstitution the student attended, the CIPcode <strong>of</strong> the program, the date thestudent completed the program, theamounts the student received fromprivate educational loans and theamount from institutional financingplans that the student owes theinstitution after completing theprogram, and whether the studentmatriculated to a higher credentialedprogram at the institution or anotherinstitution. We estimate that it will takethe affected 1,950 proprietaryinstitutions, on average, 12 hours todevelop the processes necessary toimplement the requirements in§ 668.6(a) for students who, during theaward year, began attending orVerDate Mar2010 14:10 Oct 28, 2010 Jkt 223001 PO 00000 Frm 00102 Fmt 4701 Sfmt 4700 E:\FR\FM\29OCR2.SGM 29OCR2completed a program under § 668.6(c)(3)or (d). These processes include ones torecord student identifier information, torecord the CIP codes associated withthese programs, to record completiondates, to determine and record theamounts the student received fromprivate educational loans and theamount from institutional financingplans that the student owes theinstitution after completing theprogram, and to record data on studentswho matriculate to higher credentialedprograms at the same or at anotherinstitution. Therefore, burden willincrease for these affected proprietaryinstitutions by 23,400 hours.We estimate that it will take theaffected 1,736 private not-for-pr<strong>of</strong>itinstitutions, on average, 12 hours todevelop the processes necessary toimplement the requirements in§ 668.6(a) for students who, during theaward year, began attending orcompleted a program under § 668.6.These processes include ones to recordstudent identifier information, to recordthe CIP codes associated with theseprograms, to record completion dates, todetermine and record the amounts thestudent received from privateeducational loans and the amount frominstitutional financing plans that thestudent owes the institution aftercompleting the program, and to recorddata on students who matriculate tohigher credentialed programs at thesame or at another institution.Therefore, burden will increase for theseaffected private not-for-pr<strong>of</strong>itinstitutions by 20,832 hours.We estimate that it will take theaffected 1,915 public institutions, onaverage, 12 hours to develop theprocesses necessary to implement therequirements in § 668.6(a) for studentswho, during the award year, beganattending or completed a program under§ 668.6. These processes include ones torecord student identifier information, torecord the CIP codes associated withthese programs, to record completiondates, to determine and record theamounts the student received fromprivate educational loans and theamount from institutional financingplans that the student owes theinstitution after completing theprogram, and to record data on studentswho matriculate to higher credentialedprograms at the same or at anotherinstitution. Therefore, burden willincrease for these affected publicinstitutions by 22,980 hours.Collectively, we estimate that burden forinstitutions to meet these processdevelopment requirements inaccordance with procedures establishedby the Secretary will increase burden by
Federal Register / Vol. 75, No. 209 / Friday, October 29, 2010 / Rules and Regulations66933WReier-Aviles on DSKGBLS3C1PROD with RULES267,212 hours in OMB Control Number1845–NEW1.We estimate that annually there willbe 3,499,998 students who will beginattendance in occupational programsthat train students for gainfulemployment in a recognizedoccupation. We estimate that 1,996,593<strong>of</strong> the 3,499,998 students will attend aproprietary institution. Therefore, withregard to proprietary institutions, thetotal number <strong>of</strong> affected students isestimated to be 5,989,779 students(1,996,593 times 3) for the initialreporting period that will cover the2006–2007 award year, the 2007–2008award year and the 2008–2009 awardyear. We estimate that the reporting <strong>of</strong>student identifier information, thelocation <strong>of</strong> the institution the studentattended, and the CIP codes for eachbeginning student (i.e., a student whoduring the award year began attendinga program under § 668.8(c)(3) or (d))will average .03 hours (2 minutes) perstudent or 179,693 hours <strong>of</strong> increasedburden.We estimate that 161,308 <strong>of</strong> the3,499,998 students will attend a privatenot-for-pr<strong>of</strong>it institution. Therefore,with regard to not-for-pr<strong>of</strong>it institutions,the total number <strong>of</strong> affected students isestimated to be 483,924 students(161,308 times 3) for the initialreporting period that will cover the2006–2007 award year, the 2007–2008award year and the 2008–2009 awardyear. We estimate that the reporting <strong>of</strong>student identifier information, thelocation <strong>of</strong> the institution the studentattended, and the CIP codes for eachbeginning student will average .03 hours(2 minutes) per student or 14,518 hours<strong>of</strong> increased burden.We estimate that 1,342,097 <strong>of</strong> the3,499,998 students will attend a publicinstitution. Therefore, with regard topublic institutions, the total number <strong>of</strong>affected students is estimated to be4,026,291 students (1,342,097 times 3)for the initial reporting period that willcover the 2006–2007 award year, the2007–2008 award year and the 2008–2009 award year. We estimate that thereporting <strong>of</strong> student identifierinformation, the location <strong>of</strong> theinstitution the student attended, and theCIP codes for each beginning studentwill average .03 hours (2 minutes) perstudent or 120,789 hours <strong>of</strong> increasedburden.Collectively, we estimate that burdenfor institutions to meet these reportingrequirements for a student who duringthe award year began attending aprogram under § 668.8(c)(3) or (d) willincrease burden by 315,000 hours inOMB Control Number 1845–NEW1.We estimate that annually there willbe 567,334 students who will completetheir occupational programs that trainstudents for gainful employment in arecognized occupation. We estimate that325,416 <strong>of</strong> the 567,334 students willattend a proprietary institution.Therefore, with regard to proprietaryinstitutions, the total number <strong>of</strong> affectedstudents is estimated to be 976,248students (325,416 times 3) for the initialreporting period that will cover the2006–2007 award year, the 2007–2008award year and the 2008–2009 awardyear. We estimate that the reporting <strong>of</strong>student identifier information, thelocation <strong>of</strong> the institution the studentattended, the CIP codes for eachgraduate, the date <strong>of</strong> completion, theamounts the students received fromprivate education loans and the amountfrom institutional financing plans thatthe student owes the institution aftercompleting the program, and whetherthe student matriculated to a highercredentialed program at the same oranother institution will average .08hours (5 minutes) per student or 78,100hours <strong>of</strong> increased burden.We estimate that 33,627 <strong>of</strong> the567,334 students will attend a privatenot-for-pr<strong>of</strong>it institution. Therefore,with regard to not-for-pr<strong>of</strong>it institutions,the total number <strong>of</strong> affected students isestimated to be 100,881 students (33,627times 3) for the initial reporting periodthat will cover the 2006–2007 awardyear, the 2007–2008 award year and the2008–2009 award year. We estimate thatthe reporting <strong>of</strong> student identifierinformation, the location <strong>of</strong> theinstitution the student attended, the CIPcodes for each graduate, the date <strong>of</strong>completion, the amounts the studentreceived from private education loansand the amount from institutionalfinancing plans that the student owesthe institution after completing theprogram, and whether the studentmatriculated to a higher credentialedprogram at the same or anotherinstitution will average .08 hours (5minutes) per student or 8,070 hours <strong>of</strong>increased burden.We estimate that 208,291 <strong>of</strong> the567,334 students will attend a publicinstitution. Therefore, with regard topublic institutions, the total number <strong>of</strong>affected students is estimated to be624,873 students (208,291 times 3) forthe initial reporting period that willcover the 2006–2007 award year, the2007–2008 award year and the 2008–2009 award year. We estimate that thereporting <strong>of</strong> student identifierinformation, the location <strong>of</strong> theinstitution the student attended, the CIPcodes for each graduate, the date <strong>of</strong>completion, the amounts the studentVerDate Mar2010 14:10 Oct 28, 2010 Jkt 223001 PO 00000 Frm 00103 Fmt 4701 Sfmt 4700 E:\FR\FM\29OCR2.SGM 29OCR2received from private education loansand the amount from institutionalfinancing plans that the student owesthe institution after completing theprogram, and whether the studentmatriculated to a higher credentialedprogram at the same or anotherinstitution will average .08 hours (5minutes) per student or 49,990 hours <strong>of</strong>increased burden.Additionally, later in the initial year<strong>of</strong> reporting, institutions will have toreport information on students whobegan attendance during the 2009–2010award year. We estimate that annuallythere will be 3,499,998 students whowill begin attendance in occupationalprograms that train students for gainfulemployment in a recognizedoccupation. As established above, weestimate that 1,996,593 <strong>of</strong> the 3,499,998students will begin occupationalprograms at proprietary institutionsduring the 2009–2010 award year. Weestimate that the reporting <strong>of</strong> studentidentifier information, the location <strong>of</strong>the institution the student attended, andthe CIP codes for each beginningstudent (i.e., a student who during theaward year began attending a programunder § 668.8(c)(3) or (d)) will average.03 hours (2 minutes) per student or59,898 hours <strong>of</strong> increased burden.We estimate that 161,308 <strong>of</strong> the3,499,998 students will attend a privatenot-for-pr<strong>of</strong>it institution. We estimatethat the reporting <strong>of</strong> student identifierinformation, the location <strong>of</strong> theinstitution the student attended, and theCIP codes for each beginning studentwill average .03 hours (2 minutes) perstudent or 4,839 hours <strong>of</strong> increasedburden.We estimate that 1,342,097 <strong>of</strong> the3,499,998 students will attend a publicinstitution. We estimate that thereporting <strong>of</strong> student identifierinformation, the location <strong>of</strong> theinstitution the student attended, and theCIP codes for each beginning studentwill average .03 hours (2 minutes) perstudent or 40,263 hours <strong>of</strong> increasedburden.Similarly, we estimate that annuallythere will be 567,334 students who willcomplete their occupational programsthat train students for gainfulemployment in a recognized occupationduring the 2009–2010 award year. Weestimate that 325,416 <strong>of</strong> the 567,334students will complete their program ata proprietary institution during the2009–2010 award year. We estimate thatthe reporting <strong>of</strong> student identifierinformation, the location <strong>of</strong> theinstitution the student attended, the CIPcodes for each graduate, the date <strong>of</strong>completion, the amounts the studentsreceived from private education loans
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