Think that gainful employment rules don’t apply to public or private non-profit institutions? Think again! Gainful employment rules apply to all non-degree programs, including certificate programs, offered by public and non-profit institutions and virtually all academic programs offered by proprietary institutions.
At public and non-profit institutions, the following Title-IV eligible programs are subject to gainful employment regulations:
While the financial aid community awaits final rules on certain aspects of gainful employment requirements, the Department of Education (ED) did issue final rules related to gainful employment disclosures, reporting, and new programs. Those require that an institution:
All of these requirements are effective July 1, 2011. The first report about students enrolled in Title IV-eligible gainful employment programs is due on October 1, 2011. ED will be hosting webinars about these specific gainful employment requirements on May 25 and 26, 2011.
ED has issued a Dear Colleague Letter explaining the requirements that are effective on July 1, 2011 and a Frequently Asked Questions document. These are posted on ED’s gainful employment information page.
Publication Date: 5/19/2011