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ED Adopts New Financial Value Transparency and Gainful Employment Requirements

Faegre Drinker  Jonathan D. Tarnow and Sarah L. Pheasant January 12, 2024 At a Glance The final regulations are substantively consistent with earlier proposed regulations from ED, including definitions and thresholds for calculating debt-to-earnings (D/E) and earnings premium (EP) metrics. Unprecedented program-level data reporting, disclosures, and student acknowledgements will be required of nearly all higher […]

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Higher Education in Political Crosshairs as 2024 Election Heats Up

Inside Higher Ed Katherine Knott January 16, 2024 With higher education becoming more politicized, it’s poised to play a more prominent role than usual in this year’s presidential and congressional elections. The outcomes will carry huge policy implications. The fight for control of the White House and Congress in 2024 has already seen calls from […]

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Steps Institutions Should Take With DoE’s New Gainful Employment Rule

FORVIS January 10. 2024 We offer tips for higher education institutions to help meet DoE reporting requirements. By this point, every administrator in higher education should know that the U.S. Department of Education (DoE) has imposed new regulations on institutions that are designed to protect students from unsustainable financial burdens associated with high-cost programs. Some variants of […]

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Second Circuit Litigation Threatens to Further Confuse Regulatory Standards Applied to Borrower Defense Applications

JD Supra January 9, 2024 The Second Circuit Court of Appeals released a new decision in the NYLAG v. Cardona et al. case that may have implications for the everchanging legal and regulatory environment of Borrower Defense to Repayment (BDR) claims. Here are the key takeaways from this latest ruling: The decision has no impact on the […]

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