On September 28, 2023, the U.S. Department of Education, Office of Postsecondary Education, published a new Final Rule governing Gainful Employment programs and, separately, a new Financial Value Transparency Framework that would apply to “nearly all academic programs at postsecondary institutions.” The Department will establish performance benchmarks for each program based on information institutions will be required to report and earnings data to be provided by a federal agency. Information regarding each program’s performance will then be available on the Department’s website, and “for certificate programs and graduate degree programs with poor outcomes under the debt-burden measures, prospective students will be required to acknowledge viewing this information before entering into enrollment agreements with an institution.”
Join us for a 30-minute, audio-only briefing in which NACUA members Yvette Clark, General Counsel, Southern New Hampshire University and Aaron Lacey, Partner, Thompson Coburn LLP will provide an overview of:
- The origins and evolution of the Financial Value Transparency Rule,
- What information the Department will use in its performance metrics,
- How the Financial Value Transparency Framework will impact your academic programs, and
- What you should do to start preparing for the Rule’s implementation.