Angeles College is required to comply with Gainful employment (GE) reporting requirements. Gainful Employment (GE) reporting requires postsecondary institutions eligible for federal Title IV financial aid, to provide the U.S. Department of Education with data on students enrolled in GE programs, including enrollment, cost of attendance, financial aid, and post-graduation earnings. This data is used to assess whether these programs are preparing students for gainful employment and to ensure that graduates can repay their student loans.

https://studentaid.gov/data-center/school/ge

The Department of Education released the final and official Gainful Employment rule on October 10, 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. The most recent deadline is extended to September 30, 2025. This means that institutions will have until September 30, 2025, to provide all required FVT/GE reporting. The Department is extending the deadline for both evaluations of Completers Lists and debt reporting for the 2024 cycle to give additional time to institutions.

Program Information:

Institutions must report details about the GE program, including its name, CIP code, credential level, length, and accreditation.

Student Information:

Data on students enrolled in the program is required, including enrollment dates, status, cost of attendance, tuition, fees, and financial aid received.

Completion and Withdrawal Data:

Institutions must report the dates of completion or withdrawal, total loan debt, tuition, fees, and allowances for books and supplies for students in the program.

Earning Data:

The Department of Education uses data from sources like the Social Security Administration (SSA) to calculate earnings and debt-to-earnings ratios for program completers.

Financial Value Transparency (FVT):

The new FVT/GE regulations require institutions to report extensive financial aid and institution cost data elements, including all programs, with 30 or more completers over the past four years. In the meantime, for 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/

References:

https://www.airweb.org/article/2024/03/29/financial-value-transparency-and-gainful-employment-reporting-requirements-deadline-extended-to-october-1-2024
https://fsapartners.ed.gov/knowledge-center/topics/financial-value-transparency-and-gainful-employment-information