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Gainful Employment Students

Faegre Drinker Biddle & Reath LLP

ED Delays Initial Financial Value Transparency and Gainful Employment Reporting Until October 1, and Releases Multiple Additional...

On March 29, 2024, the Department of Education (ED or the Department) issued both Dear Colleague Letter GEN-24-04 and Electronic Announcement GE-24-01, providing guidance on certain regulatory requirements of the Financial...more

Bond Schoeneck & King PLLC

Financial Value Transparency and Gainful Employment Regulations: What We Know Now

As most employers with employees working in California or assigned to a California location know, and as we reported in “Big Brother Just Got Bigger: Expanded Pay Data Reporting Expected to Hit the Golden State,” 2022...more

McGuireWoods LLP

Education Department Extends Gainful Employment Reporting Deadline, Publishes Milestones Schedule

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On March 29, 2024, the U.S. Department of Education published an electronic announcement delaying the reporting deadline for institutional data related to the Gainful Employment (GE) and Financial Value Transparency (FVT)...more

Faegre Drinker Biddle & Reath LLP

ED Adopts New Financial Value Transparency and Gainful Employment Requirements

On October 10, 2023, the U.S. Department of Education (ED) published a Final Rule in the Federal Register (88 FR 70004) adopting new “Financial Value Transparency” (FVT) reporting and disclosure requirements for nearly all...more

Cooley LLP

Gainful Employment Redux – Not Just for For-Profits Anymore

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With a potential government shutdown bringing into question the ability to meet the master calendar requirement, the Department of Education (ED) released the final and official Gainful Employment (GE) rule on October 10,...more

Faegre Drinker Biddle & Reath LLP

ED Proposes Expansive “Financial Value Transparency and Gainful Employment” Regulations Affecting All Title IV-Participating...

On May 19, 2023, the U.S. Department of Education (ED) published a Notice of Proposed Rulemaking (the Proposed Rule) in the Federal Register that would substantially amend and expand the regulatory requirements to which all...more

Cooley LLP

Lurking Behind the Headline: Significant Regulatory Changes Beyond Gainful Employment in ED’s Latest NPRM

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More than a year after the Department of Education (ED) completed its negotiated rulemaking covering an array of regulations related to institutional and programmatic eligibility for federal financial aid, ED published a...more

Maynard Nexsen

U.S. Department of Education Issues Proposed Regulations

Maynard Nexsen on

Formal Package Addresses Gainful Employment and Financial Value Transparency, Financial Responsibility, Administrative Capability, Certification and Ability to Benefit...more

Cooley LLP

Blog: California Senate Appropriations Committee Sends Three Postsecondary Bills for Further Action, Shelves Three Others

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After returning from recess on August 12, the California Senate Appropriations Committee took up the package of six remaining higher education bills intended to address concerns about private postsecondary education providers...more

Cooley LLP

Blog: California Legislature Takes Summer Break With Key Higher Education Bills Still in Air

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The California Legislature began its summer recess on July 12 with a package of bills with broad implications for all institutions operating under BPPE authority still awaiting further Senate action. All seven of the original...more

Cooley LLP

Blog: After Nearly a Decade of Uncertainty, Gainful Employment Rule Is Gone

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On July 1, the US Department of Education released a final rule that rescinds the entirety of the Obama-era Gainful Employment (GE) Rule. While the technical effective date of the rescission of the GE rule is July 1, 2020,...more

Faegre Drinker Biddle & Reath LLP

New Gainful Employment Program Disclosure Requirements Take Effect July 1, 2019

After earlier delays in implementation, the U.S. Department of Education (the Department) has instructed postsecondary education institutions that more extensive distribution requirements for Gainful Employment (GE) program...more

Cooley LLP

Blog: Department Confirms July 1 for New GE Disclosures + Delivery Process

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Despite hopes that the US Department of Education might delay the expanded Gainful Employment disclosure requirements as it has done for the two past years, ED announced recently that covered institutions must meet these new...more

Cooley LLP

Blog: Recent Developments in State Authorization

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As outlined in our previous posts on proposed regulations in California, we are also tracking newly proposed laws introduced in Washington State, Oregon and New York, all part of a growing trend in which state (or in one...more

Cooley LLP

Blog: A Busy Week for the Gainful Employment Rule

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Events of the last week have reflected the Department of Education’s give-a-little, take-a-little approach to the Gainful Employment Rule. The department continues to take steps to implement certain aspects of the current GE...more

Cooley LLP

Blog: Is a Kinder, Gentler Gainful Employment Reg in the Works While ED Announces Steps to Publish New Rates?

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Keeping up with the Gainful Employment Rule has been a full time job in recent months. Between new Department of Education actions to prepare a second set of GE rates, negotiated rulemaking to write a new rule, a lawsuit...more

Cooley LLP

Blog: Another New Gainful Employment Disclosure Template, With Some Unexpected Changes

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The Department of Education announces changes to the Gainful Employment Disclosure Template. Disclosure Template Deadline and Updates - In its Electronic Announcement, ED set April 6, 2018 as the new deadline for...more

Cooley LLP

Blog: Department of Education Extends Deadline for Gainful Employment Earnings Appeals

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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...more

Cooley LLP

Blog: Increased Student Samples, Student Confirmations and Site Visits Mean Expanded Audits Under ED’s New Audit Guide

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As described in our previous posts about ED’s new Audit Guide for annual Title IV compliance audits, the new auditing requirements include expanded testing in many compliance areas, such as gainful employment, incentive...more

Cooley LLP

Blog: New ED Audit Guide Now Requires Extensive Gainful Employment Compliance Testing

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As noted in our previous blog post on ED’s new Audit Guide, for the first time ED is requiring that independent audit firms conduct extensive testing relating to Gainful Employment (GE) data reporting and mandated disclosures...more

Cooley LLP

Blog: Last Minute Reprieve in GE Rule

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With minutes to spare before the close of business today, the Department of Education (ED) issued a Notice in advance of official publication in the Federal Register, announcing a delay in a number of requirements relating to...more

Cooley LLP

Blog: Department of Education’s Announcement Leaves Unanswered Questions Regarding Coming Gainful Employment Rule Deadline

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The Department of Education’s (ED) announcement that it plans to engage in a new negotiated rulemaking to revise the Gainful Employment (GE) Rule leaves unanswered critical questions regarding the implementation of certain GE...more

Cooley LLP

Blog: As the Department of Education Revisits the Gainful Employment Rule California Legislators Propose a State Alternative

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With continued questions about the Trump Administration’s commitment to Obama-era regulations, including the Gainful Employment (GE) Rule, one state is ready to jump into the fray and offer its own state-based alternative to...more

Cooley LLP

Alert: Presidential Transitions: A Primer on Rulemakings

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A smooth transition from the outgoing to incoming administration is a hallmark of democracy and something both parties strive to achieve. Among the myriad issues that must be addressed, one of the more important ones for both...more

Carlton Fields

Third Circuit Rejects Inflated-Value Theory of Damages, Declines to Certify Law School Tuition Class

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The Third Circuit recently affirmed the denial of class certification in a suit alleging that a law school made misrepresentations about the employment status of its graduates, thereby inducing students to pay inflated...more

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