May 26, 2023
Formal Package Addresses Gainful Employment and Financial Value Transparency, Financial Responsibility, Administrative Capability, Certification and Ability to Benefit
On May 19, 2023, the U.S. Department of Education (the “Department”) released a formal package of proposed regulations addressing gainful employment (“GE”) and financial value transparency, financial responsibility and administrative capability issues, certification, and ability to benefit. Included within the certification topic are proposed new regulations regarding state authorization that would impact current reciprocity agreements between the various states.
Other than the GE proposals, these regulations apply to virtually all programs and all institutions. The proposed GE regulations apply to all programs at for-profit institutions and all nondegree programs at private nonprofit and public institutions.
