Note
Update on Sept. 16, 2024: The Department has updated the deadlines for both FVT/GE reporting and evaluation of Completers Lists to January 15, 2025. Please see Electronic Announcement GE-24-08 for more information.
Update on Aug. 30, 2024: We have newly identified issues with the Completers Lists and FVT/GE Reports based upon feedback and questions raised by the community. We suggest institutions pause reviews of the Completers Lists and use of the FVT/GE Reports as we work to resolve these issues. We will notify the community with an update to this announcement once resolved, and we will review the related reporting deadlines. We appreciate the community’s diligence in identifying issues.
Update on Aug. 8, 2024: We have resolved the issue with the Completers Lists and have resent them to schools’ SAIG mailboxes in message class GEFVCMOP. Please ignore or delete any GEFVCMOP file you received prior to Aug. 6, 2024, and use the updated Completers List for your review.
We also resolved the issue with the web display on NSLDS Professional Access. The ad hoc report continues to contain correct information.
We have adjusted the dates for the 60-day correction period in the announcement below. The updated 60-day correction period begins on Aug. 8, 2024 and closes on Oct. 7, 2024.
Update on Aug. 6, 2024: We have identified an issue with the Completers Lists that were transmitted to SAIG mailboxes over the weekend. The issue also impacts viewing the list on NSLDS Professional Access. The ad hoc report is correct. We are working to resolve the issue and we will notify the community with an update to this announcement when we have resent Completers Lists to SAIG mailboxes.
Over the weekend of Aug. 3–4, 2024, we sent the draft Financial Value Transparency and Gainful Employment (FVT/GE) Completers List to schools. The list was transmitted in message class GEFVCMOP to the school’s Student Aid Internet Gateway (SAIG) TG mailbox that is enrolled for NSLDS FVT/GE reporting.
Schools have a 60-day period to review and correct student information on the draft FVT/GE Completers List. The current 60-day correction period begins on Aug. 8, 2024 and closes on Oct. 7, 2024.
If your school did not automatically receive the draft FVT/GE Completers List in your school’s SAIG TG mailbox because at least one location is not yet enrolled for NSLDS FVT/GE reporting, you must refer to the “FVT/GE Completers List Ad Hoc Report (GEFVC1)” section below for information about the ad hoc report option. The 60-day correction period closes on Oct. 7, 2024 for all schools, whether the list was automatically delivered to the school’s SAIG TG mailbox or not.
Note: If you would like to automatically receive the final Completers List in your school’s SAIG TG mailbox when it is sent later this year, refer to the detailed SAIG enrollment information in the June 13, 2024 Electronic Announcement.
What is the FVT/GE Completers List?
Under 34 CFR 668.402 and 668.403, the Department calculates debt-to-earnings (D/E) rates and earnings premium (EP) measures using the debt and earnings of students who completed the program during a specified cohort period. Depending on the number of students who completed the program, the cohort period will either be two years or four years.
If a program has 30 or more completers in the third and fourth award years prior to the most recent earnings year, a two-year cohort is used. For programs with fewer than 30 completers in the two-year cohort, the four-year cohort is used, including students from the third to sixth award years prior to the most recent earnings year. D/E rates and EP measures will not be calculated for programs that have fewer than 30 students that completed within the four-year cohort period. In order for programs to be evaluated for the two-year or four-year cohort period, all programs with the same four-digit CIP code at the institution would have had 30 or more completers in total over the four most recently completed award years.
The draft 2024 FVT/GE Completers List identifies all relevant students who completed a GE and Eligible Non-GE program during the two-year cohort period (2017–18, 2018–19) or the four-year cohort period (2015–16, 2016–17, 2017–18, 2018–19) for the 2022 earnings year. If a program is classified as a qualifying graduate program and the school successfully confirms this through the FVT/GE Program Submittal process, that program will be removed from the school’s Completers List as it will fall within the two-year or four-year cohort period specifically for students in qualifying graduate programs, which will not be factored into the 2024 FVT/GE calculations.
Required Actions
As stated earlier, upon receiving the draft FVT/GE Completers List, schools have a 60-day period to review and correct student information. The current 60-day correction period closes on Oct. 7, 2024.
During the correction period, schools can add or remove students from the list or opt to exclude them from the FVT/GE calculations using NSLDS Enrollment Reporting, FVT/GE reporting, or the FVT/GE Completers List page on the NSLDS Professional Access website.
After the conclusion of the 60-day correction period, a final FVT/GE Completers List will be generated and sent to schools. Students who remain on the Completers List and who are not identified as excluded will be sent to the Internal Revenue Service (IRS) to gather the annual median earnings data that is needed for calculating D/E rates and EP measures for programs.
Please refer to Volume 3 – FVT/GE Completers List of the NSLDS FVT/GE User Guide for guidance on understanding the content of the Completers List, reviewing student data, identifying exclusions, and other relevant topics.
FVT/GE Completers List Ad Hoc Report (GEFVC1)
An alternative method to access the FVT/GE Completers List is to request the ad hoc report, FVT and GE Completers List Report (GEFVC1), from the NSLDS Reports Tool on the NSLDS Professional Access website. This report will be delivered to the SAIG TG mailbox associated with the requesting user in fixed-width format using the message class GEFVCMOP from the NSLDS TG Mailbox ‘TG50012’. This report may also be downloaded in Excel format.
The draft FVT/GE Completers List will be available via ad hoc requests throughout the 60-day correction period to ensure that schools have the latest version of the list, whereas the final Completers List will be accessible only after the conclusion of the 60-day correction period.
For more information about the FVT and GE Completers List Report, refer to Volume 3, Chapter 5, of the NSLDS FVT/GE User Guide.
Contact Information
If you have questions about NSLDS FVT/GE reporting, contact the NSLDS Customer Support Center at 1-800-999-8219 or nslds@ed.gov.
If you have policy questions about the FVT/GE regulations, please direct them to GE24@ed.gov.
If you have operational questions about FVT/GE, please direct them to GEOperations@ed.gov.