Presentation is loading. Please wait.

Presentation is loading. Please wait.

Reporting and Disclosure Requirements - Module 1 Gainful Employment 1.

Similar presentations


Presentation on theme: "Reporting and Disclosure Requirements - Module 1 Gainful Employment 1."— Presentation transcript:

1 Reporting and Disclosure Requirements - Module 1 Gainful Employment 1

2 Agenda Final Rule published in the Federal Register October 29, 2010 Program Integrity Disclosure requirements effective July 1, 2011 Reporting requirements effective October 1, 2011* Resources 2

3 Gainful Employment (GE) GE provisions apply to all programs intended to prepare students for gainful employment in a recognized occupation All programs of study offered by for-profit schools, except certain bachelors degree liberal arts programs All non-degree programs offered by all other schools Some teacher certification programs 3

4 Disclosure Requirements 4

5 Effective July 1, 2011, the school must disclose all of the following information to prospective students for each of its GE programs: 1) Occupations (by name and SOC code) the program prepares students to enter plus links to those occupational profiles on O*NET. §668.6(b)(1)(i) 5

6 Disclosure Requirements 2) On-time graduation (completion) rate for students who complete the program # students who completed the program within normal time ___________________________________________ X 100 # students who completed the program during most recently completed award year §668.6(b)(1)(ii) and §668.6(c) 6

7 Disclosure Requirements Normal time is defined in §668.41(a) as the time required to complete program requirements – typically four years for a Bachelors degree and two years for an Associates degree §668.41(a) 7

8 Disclosure Requirements 3) Tuition and fees charged to students who complete the program within the normal time, cost of books and supplies and, if applicable, cost of room and board School also may include the cost of transportation and living expenses §668.6(b)(1)(iii) 8

9 Disclosure Requirements 4) Placement rate for students who complete the program Required by State or accrediting agency to calculate placement rate at the program level - disclose that rate Required by State or accrediting agency to calculate placement rate at institutional level - apply same calculation at program level Use NCES methodology once published §668.6(b)(1)(iv) 9

10 Disclosure Requirements 5) Median loan debt incurred by students who complete the program. Separately identify: Title IV loan debt Private education loan debt Institutional financing plan debt owed upon program completion §668.6(b)(1)(v) 10

11 Disclosure Requirements For each GE program, this disclosure information must be: Included in the schools promotional materials made available to prospective students Posted on the schools website Prominently posted on the homepage of the programs website (simple and meaningful manner) §668.6(b)(2)(i)-(ii) 11

12 Disclosure Requirements Provide a prominent link from any other webpage that contains general, admissions, or academic information about the program to the homepage of the programs website Display the information on the schools website in an open format that can be retrieved, downloaded, indexed, and searched §668.6(b)(2)(ii)-(iii) 12

13 Disclosure Requirements Use EDs disclosure form when the form becomes available §668.6(b)(2)(iv) 13

14 Reporting Requirements 14

15 Reporting Requirements Effective October 1, 2011, the school must annually report to ED: Information that identifies each student enrolled in a GE program during the award year, and Information that identifies the school §668.6(a)(1)(i)(A) 15

16 Reporting Requirements Additionally, for each student who began attendance during the award year, the school must report the program name and CIP code And for each student who completed a program during the award year, the school must report: Program name and CIP code, Date student completed the program §668.6(a)(1)(i)(B)-(C) 16

17 Reporting Requirements And for completers, the school also must report: Amount student received from private education loans and institutional financing plans, If student matriculated to a higher-credentialed program at the school, and If student matriculated to a higher-credentialed program at another school, if that information is available. 17

18 Reporting Requirements The school also must report to ED – by program name and CIP code: Total number of students enrolled in the program at the end of the award year Information identifying those students §668.6(a)(1)(ii) 668.6(a)(3)(ii) 18

19 Reporting Deadline No later than October 1, 2011, schools must report required information for award years: (if available) §668.6(a)(2) 19

20 Reporting Deadline Federal Register notice dated August 2, 2011 No later than November 15, 2011, schools must report required information for the award year For each subsequent year, ED will publish submission deadlines in the Federal Register 20

21 Reporting Deadline If a school is unable to provide ED with any of the required data, it must provide to ED an explanation of the reason the data is not available Electronic Announcement #18 (August 9, 2011) provides additional details §668.6(a)(2)(ii) 21

22 Resources 22

23 Resources Final Rule published October 29, The Departments Gainful Employment Information page index.html Gainful Employment FAQs To submit questions to ED, 23

24 Resources NCHELP resources GE Final Rule side-by-side analysis Integrated regulations that include the Program Integrity and GE Final Rules GE training modules 24


Download ppt "Reporting and Disclosure Requirements - Module 1 Gainful Employment 1."

Similar presentations


Ads by Google