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Summary: Request for Title IV Reimbursement or Heightened Cash Monitoring 2 (HCM2)

Publication Date: October 3, 2008

Page Numbers: 57612-57613

Summary: Request for Title IV Reimbursement or Heightened Cash Monitoring 2 (HCM2)

Posted on 10-03-2008

[Federal Register: October 3, 2008 (Volume 73, Number 193)]
[Page 57612-57613]
From the Federal Register Online via GPO Access []



Notice of Proposed Information Collection Requests

AGENCY: Department of Education.

SUMMARY: The IC Clearance Official, Regulatory Information Management 
Services, Office of Management, invites comments on the proposed 
information collection requests as required by the Paperwork Reduction 
Act of 1995.

DATES: Interested persons are invited to submit comments on or before 
December 2, 2008.

SUPPLEMENTARY INFORMATION: Section 3506 of the Paperwork Reduction Act 
of 1995 (44 U.S.C. Chapter 35) requires that the Office of Management 
and Budget (OMB) provide interested Federal agencies and the public an 
early opportunity to comment on information collection requests. OMB 
may amend or waive the requirement for public consultation to the 
extent that public participation in the approval process would defeat 
the purpose of the information collection, violate State or Federal 
law, or substantially interfere with any agency's ability to perform 
its statutory obligations. The IC Clearance Official, Regulatory 
Information Management Services, Office of Management, publishes that 
notice containing proposed information collection requests prior to 
submission of these requests to OMB. Each proposed information 
collection, grouped by office, contains the following: (1) Type of 
review requested, e.g. new, revision, extension, existing or 
reinstatement; (2) Title; (3) Summary of the collection; (4) 
Description of the need for, and proposed use of, the information; (5) 
Respondents and frequency of collection; and (6) Reporting and/or 
Recordkeeping burden. OMB invites public comment. 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.

    Dated: September 30, 2008.
Angela C. Arrington, IC Clearance Official, Regulatory Information Management Services, 
Office of Management.

Federal Student Aid

    Type of Review: New.
    Title: Request for Title IV Reimbursement or Heightened Cash 
Monitoring 2 (HCM2).
    Frequency: Monthly; Annually.

[[Page 57613]]

    Affected Public: Businesses or other for-profit; Not-for-profit 
institutions; Federal Government.
    Reporting and Recordkeeping Hour Burden:

Responses: 3,180.
Burden Hours: 12,720.

    Abstract: Participating Title IV (TIV) institutions must request, 
maintain, disburse and manage TIV funds promoting sound cash 
management. An institution seeks reimbursement by submitting a request 
for funds via the Standard 270 form and identifying students, amounts 
requested and providing documentation. The amount requested is compared 
with what is in the Common Origination and Disbursement (COD) system. 
The certifying official at the institution certifies statements on the 
President/Owner/CEO and the Financial Aid Director/TPS forms. The forms 
are signed by the institution official and submitted when requesting 
payment for Reimbursement of HCM2 claims.
    Requests for copies of the proposed information collection request 
may be accessed from, by selecting the ``Browse 
Pending Collections'' link and by clicking on link number 3848. When 
you access the information collection, click on ``Download 
Attachments'' to view. Written requests for information should be 
addressed to U.S. Department of Education, 400 Maryland Avenue, SW., 
LBJ, Washington, DC 20202-4537. Requests may also be electronically 
mailed to or faxed to 202-401-0920. Please specify 
the complete title of the information collection when making your 
    Comments regarding burden and/or the collection activity 
requirements should be electronically mailed to 
Individuals who use a telecommunications device for the deaf (TDD) may 
call the Federal Information Relay Service (FIRS) at 1-800-877-8339.

 [FR Doc. E8-23356 Filed 10-2-08; 8:45 am]


Last Modified: 10/02/2008