Gainful Employment Rule: What Students Should Know
The Biden-Harris Administration recently released final regulations that establish the most effective set of safeguards ever against unaffordable debt or insufficient earnings for postsecondary students. The final rule has two key parts:
- A revitalized and strengthened Gainful Employment (GE) rule, that will protect approximately 700,000 students a year from career training programs that leave graduates with unaffordable loan payments or earnings no better than what someone who did not pursue postsecondary education earns in their state.
- A new Financial Value Transparency (FVT) framework will give students in all programs the most detailed information ever available about the net costs of postsecondary programs, and the financial outcomes they can expect. It will also help prospective students understand the potential risks involved in their program choices by requiring them to acknowledge viewing this information before enrolling in certificate or graduate programs whose graduates have been determined to face unaffordable debt levels.
Read more at the following links:
Biden Administration Releases Tougher Higher Education Gainful Employment Rule
Game On, Again, for Gainful Employment
Department of Education Releases Proposed Rules on Accountability for Certificate and For-Profit Programs and Transparency into Unaffordable Student Debt
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