ED Delays Reporting Deadline for Gainful Employment and Financial Value Transparency Regulations

In an electronic announcement published Friday March 29th, 2024, The Department of Education specified that the reporting period will be available for institutions to begin submitting their data through the National Student Loan Data System (NSLDS) on July 1, 2024 and that schools will have until October 1, 2024 to provide all their required data.

“This adjusted timeline allows institutions to focus their efforts on getting aid to students this spring and to have more time to compile data that would otherwise have been required by the end of July,” the notice reads. “At the same time, the Department still intends to produce the first official round of FVT/GE metrics in early 2025.”

In a follow up Dear Colleague Letter, ED provided details on the GE and the FVT reporting requirements. The letter lists the major provisions of the regulations and provides an overview of the detailed summaries that are available in the final regulations.

Next week the department plans to publish an FAQ to provide stakeholders with more information on the reporting and operational guidance.