Gainful Employment
On June 28, 2019, the U.S. Department of Education (Department) announced it is officially rescinding the 2014 Gainful Employment (GE) regulations and permitting affected institutions to implement the rescission immediately.
The final GE rule, officially published in the Federal Register on July 1, 2019 (link below).
The Department is rescinding the GE regulations at 34 CFR 668, subpart Q (Gainful Employment Programs) and subpart R (Program Cohort Default Rate).
The Department has issued in GE Electronic Announcement #122 (link below) which allows for “Early implementation of the Rescission of the Gainful Employment Rule.”
Angeles College has elected early implementation effective July 1, 2019.
With this early implantation, Angeles College:
- Will no longer be required to post the GE Disclosure Template and may remove the template and any other GE disclosures from our web page,
- Will not be required to report GE data for 2018-2019 (due October 1, 2019), and
- Will not be required to include the disclosure template, or a link thereto, in GE program promotional materials, or directly distribute the disclosure template to prospective students requiring acknowledgement of receipt as of July 1, 2019.
https://www.federalregister.gov/documents/2019/07/01/2019-13703/program-integrity-gainful-employment
https://ifap.ed.gov/eannouncements/062819GEAnnounce122EarlyImplofRescissionGERule.html
For more information about graduation rates, loan repayment rates, and post-enrollments earnings about this institution and other postsecondary institutions pleas click here: https://collegescorecard.ed.gov/
GE Updates – Upcoming Expectations
The Department of Education released the final and official Gainful Employment rule on October 10, 2023. The U.S. Department of Education (the Department) is releasing additional information and updates to help institutions of higher education prepare for complying with the Financial Value Transparency and Gainful Employment (FVT/GE) regulations. These rules go into effect later this year, will provide students, institutions, and the public the most detailed information ever available about what students and families can anticipate paying for college and the financial outcomes they can expect to achieve.
The U.S. Department of Education (ED) announced March 29, 2024, which institutions will have until October 1, 2024, to provide all Financial Value Transparency (FVT) and Gainful Employment (GE) reporting requirements. This extension moves the due date back from the originally communicated deadline of July 31, 2024.