The Department of Education confirmed that covered institutions must meet the new Gainful Employment disclosure requirements as of July 1. The pending new GE rule and its implementation remain uncertain.
The Department of Education continues to take steps to implement certain aspects of the current GE Rule that may lead it to publish a second set of GE Rates, while also arguing in court that it has acted properly in delaying certain other requirements.
Is a Kinder, Gentler Gainful Employment Reg in the Works While ED Announces Steps to Publish New Rates?
Keeping up with the GE Rule has been a full time job in recent months, including new Department of Education actions to prepare a second set of GE rates, negotiated rulemaking to write a new rule, a lawsuit against the department for not implementing the current rule and proposed legislation in Congress.
The Department of Education announces changes to the Gainful Employment Disclosure Template. In its Electronic Announcement, ED set April 6, 2018 as the new deadline for covered institutions to update and publish the 2018 version of the GE Disclosure Template.
The Department of Education issued a notice on August 18 that extends the deadline for all institutions to file alternate earnings appeals that challenge the debt-to-earnings rates issued for their GE programs in January 2017.
Gainful Employment data reporting is the topic for the third post in our Audit Guide series. For the first time ED is requiring that independent audit firms conduct extensive testing relating to Gainful Employment data reporting and mandated disclosures as part of their annual Title IV compliance audits.
Faced with court decision, continuing data problems and new negotiated rulemaking, the Department of Education issues last minute reprieve on Gainful Employment appeals and certain disclosure requirements.
Department of Education’s Announcement Leaves Unanswered Questions Regarding Coming Gainful Employment Rule Deadline
The Department of Education announced it will engage in a new negotiated rulemaking to revise the Gainful Employment Rule, but questions remain.
The Department announced today that it will delay Borrower Defense and will convene a new “Mega Neg Reg,” which will include Borrower Defense and Gainful Employment.