On October 10, 2023, the U.S. Department of Education (Department) published final regulations on Financial Value Transparency (FVT) and Gainful Employment (GE), which become effective July 1, 2024 (88 FR 70004). These regulations, in part, (1) Establish a transparency framework to provide information about financial costs and benefits to students at nearly all academic programs at postsecondary institutions that are eligible to participate in the student assistance programs authorized under Title IV of the Higher Education Act of 1965, as amended (HEA); and (2) Establish an eligibility framework for postsecondary educational programs designed to prepare students for gainful employment in a recognized occupation. Both the transparency and accountability frameworks rely upon D/E rates and an EP measure, as established under §§ 668.403 and 668.404 respectively, to assess debt and earnings outcomes for postsecondary program graduates.
Both measures evaluate an individual’s earnings using an extended earnings measurement period if the student is enrolled in a “qualifying graduate program.” In this notice, the Secretary announces the list of applicable CIP codes for qualifying graduate programs that have an extended earnings measurement period under the Financial Value Transparency and Gainful Employment regulations.
To view this Federal Register publication, click here.