NASFAA Submits Comments on Gainful Employment NPRM

In comments submitted to ED yesterday, NASFAA supported fair, reasonable, and well-targeted regulations that ensure Title IV funding for programs that lead to gainful employment.

Among other issues, NASFAA commented that the proposed rules:

Provide insufficient regulatory accommodation for those GE programs that are considered low-risk, i.e, programs where the total number of borrowers or amount of debt is relatively low.
Include an extensive, complicated, and overwhelming list of 16 possible disclosure items, representing in total 36 possible data items due to possible disaggregations.
Lack a meaningful front-end approval process that would serve to protect students from risky programs before they assume unmanageable debt, rather than after.

Publication Date: 5/28/2014

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