Gainful Employment...On Hold For Now

A recent press release from the Department of Education revealed that 13 of the 14 proposed rule changes have been drafted. The one outstanding rule relates to gainful employment:

Disclosures regarding Gainful Employment: The Department is proposing that proprietary institutions of higher education and postsecondary vocational institutions provide prospective students with each eligible program’s graduation and job placement rates, and that colleges provide the Department with information that will allow determination of student debt levels and incomes after program completion.  The Department is still developing metrics to hold programs accountable for meeting federal requirements.  A separate NPRM on this topic will be published later in the summer