Higher ed groups ask for delayed gainful employment, financial value transparency deadline

Higher Ed Dive

Natalie Schwartz

December 16, 2024

Fifty higher education groups on Friday urged the U.S. Department of Education to further delay the reporting deadline for the new gainful employment and financial value transparency regulations.

Colleges have until Jan. 15 to meet the reporting deadline for the new regulations, a date the Education Department has already moved back twice after releasing rules last year.

The gainful employment rule requires career training programs to prove their graduates earn enough to pay off their federal loans and meet certain earnings thresholds — or else risk losing access to Title IV federal financial aid.

While the financial value transparency rule doesn’t threaten the loss of Title IV aid, it requires colleges to provide student and financial aid data about their programs that the Education Department will post to a consumer-facing website.

“Jan. 15, we hope, will allow us to produce the data this spring and inform college choices for next year,” U.S. Under Secretary for Education James Kvaal, the agency’s top higher education official, told Higher Ed Dive in September. At the time, the agency pushed back the deadline from Oct. 1.

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