The Department of Education (“ED”) issued new regulations published in the Federal Register on October 29, 2010 that require institutions to disclose and report certain data on Title IV, Higher Education Act (HEA) eligible educational programs that lead to gainful employment in a recognized occupation (“GE Programs”).
The gainful employment rules apply to non-profit (public and private) and for-profit institutions that participate in the federal student financial aid programs under Title IV, HEA.
There are two requirements:
- Disclosure of GE Program-level data on the program’s home page and in promotional materials that are made available to prospective students
- Reporting of program and student-level data to ED.
The disclosure requirements for GE Programs came into effect on July 1, 2011. The first reports on students enrolled in GE Programs are due on October 1, 2011. Though the deadline is October 1, 2011, ED will accept reporting data on GE Programs until November 15, 2011.
In addition, ED issued a second set of final GE Program rules for “debt measures” on June 2, 2011. GE Programs will have to meet minimum standards for loan repayment rates and debt-to-earnings ratios in order to remain eligible for Title IV funding. This second set of rules will be in effect on July 1, 2012.
This AIR Alert briefly summarizes changes for post-secondary education institutions and references resources that will assist college personnel in complying with the first set of new rules.