ED Releases Final Debt-to-Earnings Rates for Gainful Employment Programs
Submitted by Michael Cruse on January 16, 2017 - 11:17am
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The U.S. Department of Education (ED) has released the first debt-to-earnings (D/E) rates for career training programs as required by the landmark Gainful Employment (GE) regulations.
The release of these rates demonstrates ED's efforts to promote college completion and increase accountability in post-secondary education, by setting standards for career training programs. The data show that, while many post-secondary programs offer value to students, there are a significant number of career training programs—specifically for-profit programs—that do not provide their graduates with a reasonable return on investment. A new disclosure template, that will be released in late January 2017, presents this information in a simple format and aligns with information provided on the Department’s College Scorecard.