Recently, the U.S. Department of Education announced a plan to rescind the federal gainful employment regulations. The regulations, developed in 2014 under the Obama Administration, established federal student aid eligibility criteria based on the ratio of debt-to-earnings among financial-aid participating students of all programs at for-profit colleges, as well as certificate programs at non-profit community colleges and other postsecondary CTE institutions. The department attempted a negotiated rulemaking session to tackle the issue earlier this year, but the process proved unsuccessful when the negotiators were ultimately unable to reach an agreement on rewriting the rules.
Alternatively, the department declared its intention to offer more data on student outcomes through the College Scorecard, which will include “program-level outcomes including, at a minimum, median debt and median earnings for all higher education programs, at all title IV participating institutions.” The Administration will also request public comment on a proposal to require institutions to publish information about program size, net-price, completion rates, withdrawal rates, accreditation, and whether the program meets the licensing requirements for the state in which the institution is located. The full notice is available here.
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