NASFAA Calls on ED to Clarify and Provide Resources to Institutions on GE/FVT
By Maria Carrasco, NASFAA Staff Reporter
NASFAA, along with dozens of other higher education organizations, signed onto a letter to the Department of Education (ED) outlining several issues institutions have faced as the institutional reporting requirements for gainful employment and financial value transparency (GE/FVT) deadline nears, and called on the department to provide resources to institutions.
The institutional GE/FVT reporting deadline is January 15, 2025, which was an extension of ED’s already-extended deadline of October 1, 2024. In the letter, led by the American Council on Education (ACE), the organizations noted that while institutions are thankful for the reporting extension, many institutions still face challenges with fulfilling their reporting obligations due to several issues with the department.
“Institutions understand that they must comply with the regulations,” the letter reads. “However, the numerous updates and unaccountable delays in providing sub-regulatory guidance, render compliance by Jan. 15 a major challenge.”
The organizations listed several points outlining challenges currently facing institutions. One key example, the organizations noted, is that ED’s guidance prior to the FVT and GE Supplemental Training Resource, just released on November 6, has been “unclear and left many unanswered questions.” Additionally, many institutions have not received timely responses from ED or any resources to questions about the completers lists and other related topics.
Another key point is that institutions continue to be confused about the relationship between completers lists and program-and student-level reporting requirements due to a lack of guidance from ED. The organizations recommended that ED ensure consistent guidance across all platforms to include the National Student Loan Data System FVT and GE User Guide. Additionally, the letter calls on ED to hold a webinar as soon as possible, with adequate time allotted for a live question and answer period for institutions.
Lastly, the organizations stressed that the new GE/FVT reporting requirements are massive and complex, especially in light of the tumultuous rollout of the 2024-25 FAFSA. Particularly, these issues are most pronounced at under-resourced institutions. The organizations recommended ED provide resources to all institutions that lack the capacity to complete the GE/FVT reporting requirements.
“For most institutions, meeting this deadline would result in errors simply due to the time constraints placed on them by the Department,” the letter reads. “Students, institutions, and other stakeholders will only be served if the regulation generated accurate, reliable data. It is critical that the Department recognizes the limitations on institutional resources and the impacts of regulatory implementation delays on institutions.”
Publication Date: 11/14/2024
Joshua M | 11/14/2024 11:16:42 AM
how about we wait till January 20th and then just end this GE/FVT ridiculousness..
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