ED Delays Initial Financial Value Transparency and Gainful Employment Reporting Until October 1, and Releases Multiple Additional Guidance Documents
Jonathan Tarnow and Sarah L. Pheasant
May 21, 2024
At a Glance
On March 29, 2024, the U.S. Department of Education delayed initial institutional reporting obligations under its Financial Value Transparency and Gainful Employment (FVT/GE) regulations to October 1, 2024.
On April 5, the Department announced a new online repository for FVT/GE information, including FAQs, which will be periodically updated.
On April 30, the Department released the first section of a new NSLDS Financial Value Transparency and Gainful Employment (FVT/GE) User Guide.
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 Value Transparency (FVT) and Gainful Employment (GE) provisions which take effect July 1, 2024 (and which we described in a prior alert available here). Importantly, the Department extended certain institutional reporting obligations — which otherwise would have been due to ED by July 31, 2024 — to October 1, 2024. In two separate April announcements, the Department launched a new FVT/GE topics page on the FSA Knowledge Center and released the first volume of its NSLDS Financial Value Transparency and Gainful Employment (FVT/GE) User Guide. We summarize each of these recently published resources below.
