Presentation on theme: "GAINFUL EMPLOYMENT NeASFAA 2015 Spring Conference Vicki Kucera, Central Community College Paula Kohles, Creighton University."— Presentation transcript:
GAINFUL EMPLOYMENT NeASFAA 2015 Spring Conference Vicki Kucera, Central Community College Paula Kohles, Creighton University
Disclaimer Neither Vicki Kucera or Paula Kohles are trained experts on Gainful Employment regulations. Information provided in this presentation is a composite of information gathered from both Federal Student Aid sessions and the NASFAA Webinar provided in December of Please don’t hurt us.
Disclosure Requirements Institutions must comply with the disclosure requirements by January 31, The Department of Ed will publish a Notice in the Federal Registrar annually detailing required disclosures. Disclosure template was released Sept. 11, Institutions must update the disclosures for their GE programs no later than January 31, 2015, for disclosing award year information. Link to complete disclosures is
Which Programs are GE Programs? At proprietary institutions, all programs are GE except Prep coursework for enrollment in eligible program Bachelor’s degrees in liberal arts accredited since and offered since At public and nonprofits, all programs are GE except Programs that lead to a degree Programs of at least two years in length that are fully transferable to a bachelor’s degree Preparatory coursework necessary for enrollment in an eligible program
Disclosures Cont’d Must be a clear link on website to disclosures. Separate template for each program and different lengths in single program. Schools must provide disclosures in promotional materials to prospective students. Hard copy or electronic Effective January 1, 2017.
Metrics and Thresholds of Eligibility One of the following formulas will be used for each individual: Annual debt-to-earnings ratios Median loan payment Higher of median or mean earnings Discretionary debt-to-earnings ratios Median loan payment Higher of median or mean earnings minus (1.5 x poverty guideline for single person) ED calculates based on information provided by schools and Social Security Administration
Metrics and Thresholds Cont’d Schools assigned one of three categories per year: Passing Zone Failing A program needs to only pass one of the debt to earnings ratios to be a passing program. This is a good thing!! A program becomes ineligible for 3 years if It fails in any 2 out of 3 years; OR It fails or is in the zone (any combination) for 4 years. Programs cannot just “hang out” in the zone indefinitely without making improvements.
Reporting Requirements GE reporting will begin in early 2015 – is available now on NSLDS for schools who want to get cracking! Report all Title IV Students by July 31, 2015 Report 2008 – 2009 through 2013 – 2014 award years Programs with Medical and Dental Residencies report 2007 – 2008 through 2013 – 2014 award years Report 2014 – 2015 Award Year by October 1, 2015
Reporting Requirements Cont’d ONLY submit data on students enrolled in a GE program ONLY submit data on Title IV aid recipients ONLY submit data for programs that exist as of July 1, 2015 Data provided in 2011 will not be available to reuse Data is provided for all students who completed or withdrew from the program in the year in question.
GE Data to Report Institution Data Institution Code (OPEID) Institution Name GE Program Information Program Name Award Year CIP Code Credential Level Medical and Dental Internship or Residency Length of GE Program Length of GE Program Measurement
Reporting Requirements Cont’d Student Data Student Social Security Number Student First Name Student Middle Name or Initial Student Last Name Student Date of Birth Student’s Enrollment Status as of the 1 st Day of Enrollment in Program (Full-Time, Three-Quarter Time, Half-Time, and Less Than Half-Time) Program Attendance Begin Date Program Attendance Begin Date for Award Year Program Attendance Status During Award Year (Graduated, Withdrew, Enrolled) Program Attendance End Date
Reporting Requirements Cont’d Financial Data for Students Private Loans Amount Institutional Debt Tuition and Fees Amount Allowance for Books, Supplies, and Equipment (COA)
NSLDS Reporting Details Program Attendance Status During Award Year ‘ G ’ (Graduated) If student graduated from their educational program at any time during the award year ‘ W ’ (Withdrew) If student withdrew from the educational program at any time during the award year ‘ E ’ (Enrolled) If student was enrolled in the educational program on the last day of the award year, June 30
NSLDS ReportingDetails Credential Level Credential Level of the program the student was enrolled during this award year ‘01’ (Undergraduate certificate or Diploma Program) ‘02’ (Associate’s degree) ‘03’ (Bachelor’s degree) ‘04’ (Post baccalaureate certificate) ‘05’ (Master’s degree) ‘06’ (Doctoral degree) ‘07’ (First professional degree) ‘08’ (Graduate / professional certificate)
NSLDS Reporting Details Length of GE Program The length of the instructional program in years, months, or weeks as published by the school – Format “nnnnnn”, with an implied decimal point between the third and fourth digits Length of GE Program Measurement The unit of measure for the length of the instructional program as published by the school ‘W’ (Weeks) ‘M’ (Months) ‘Y’ (Years)
NSLDS Reporting Requirements Cont’d Student’s Enrollment Status as of the 1 st Day of Enrollment in Program Code for the student’s enrollment status in that program ‘F’ (Full-Time) ‘Q’ (Three-Quarter Time) ‘H’ (Half-Time) ‘L’ (Less Than Half-Time) Allowance for Books, Supplies, and Equipment Allowance amount in Cost of Attendance for books, supplies, and equipment