Reminder: Draft GE Debt-to-Earnings Rates Now Available
By Eunice Powell, Training & Regulatory Assistance Staff
NASFAA is reminding schools of the draft GE Debt to Earnings (D/E) rates, which are now available for review. Schools may access this information in several ways:
- Schools may review the GE Debt Measures Backup Data detail files which have been distributed in SAIG message class GEBFLEOP. Also a letter to the school’s chief executive officer that included the institution’s draft GE D/E rates has been distributed in SAIG message class GELFLEOP.
- Schools may request the GE Debt Measures Backup Data detail files using the “GE Debt Measures Backup by Calc Year” or “GE Debt Measures Backup by Program” report options on the Reports Tab of theNSLDS Professional Access The requested reports will be sent in SAIG message class GEBFLEOP.
- Schools may access the D/E rates by downloading the GE Debt-to-Earnings Backup Data Viewer Tool from the IFAP website. Click on the “GE Debt-to-Earnings Backup Data Viewer Tool” link in the “Resources" section of the Gainful Employment Information Page.
See Gainful Employment Electronic Announcement #93 for additional details.
Also, refer to Gainful Employment Electronic Announcement #92 for guidance on how to determine data to be challenged and the 45-day challenge period.
Publication Date: 10/27/2016