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Subject: The COD system is used by institutions to request, report, and reconcile grant funds received from the Pell Grant program

Publication Date: June 28, 2012

Posted Date: June 28, 2012

Subject: The COD system is used by institutions to request, report, and reconcile grant funds received from the Pell Grant program

FR Type: Notice


[Federal Register Volume 77, Number 125 (Thursday, June 28, 2012)]
[Notices]
[Pages 38609-38610]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-15911]
 
 
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DEPARTMENT OF EDUCATION
 
 
Notice of Submission for OMB Review; Federal Student Aid; Pell 
Grant, ACG, and National SMART Reporting Under the Common Origination 
and Disbursement (COD) System
 
SUMMARY: The COD system is used by institutions to request, report, and 
reconcile grant funds received from the Pell Grant program.
 
DATES: Interested persons are invited to submit comments on or before 
July 30, 2012.
 
ADDRESSES: Written comments regarding burden and/or the collection 
activity requirements should be electronically mailed to 
ICDocketMgr@ed.gov or mailed to U.S. Department of Education, 400 
Maryland Avenue SW., LBJ, Washington, DC 20202-4537. Copies of the 
proposed information collection request may be accessed from http://edicsweb.ed.gov, by selecting the ``Browse Pending Collections'' link 
and by clicking on link number 04843. 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 ICDocketMgr@ed.gov or faxed to 202-
401-0920. Please specify the complete title of the information 
collection and OMB Control Number when making your request.
    Individuals who use a telecommunications device for the deaf (TDD) 
may call the Federal Information Relay Service (FIRS) at 1-800-877-
8339.
 
SUPPLEMENTARY INFORMATION: Section 3506 of the Paperwork Reduction Act 
of 1995 (44 U.S.C. chapter 35) requires that Federal agencies provide 
interested parties an early opportunity to comment on information 
collection requests. The Director, Information Collection Clearance 
Division, Privacy, Information and Records Management Services, Office 
of Management, publishes this notice containing proposed information 
collection requests at the beginning of the Departmental review of the 
information collection. 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
 
[[Page 38610]]
 
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: Pell Grant, ACG, and National SMART Reporting 
under the Common Origination and Disbursement (COD) System.
    OMB Control Number: 1845-0039.
    Type of Review: Extension.
    Total Estimated Number of Annual Responses: 6,019,900.
    Total Estimated Number of Annual Burden Hours: 507,362.
    Abstract: The Federal Pell Grant, ACG, and National SMART Programs 
are student financial assistance programs, authorized under the Higher 
Education Act of 1965 (HEA), as amended, which provide grant assistance 
to an eligible student attending an institution of higher education. 
The institution determines the student's award and disburses program 
funds to the student on behalf of the U.S. Department of Education 
(ED). To account for the funds disbursed, institutions report student 
payment information to ED electronically. Electronic reporting is 
conducted through the Common Origination and Disbursement (COD) system. 
The COD system is used by institutions to request, report, and 
reconcile grant funds received from the Pell Grant program.
 
    Dated: June 22, 2012.
Darrin A. King,
Director, Information Collection Clearance Division, Privacy, 
Information and Records Management Services, Office of Management.
[FR Doc. 2012-15911 Filed 6-27-12; 8:45 am]
BILLING CODE 4000-01-P


Last Modified: 06/27/2012