Cases & Developments

The U.S. Department of Education (the Department) announced the availability of a new resource page on the Federal Student Aid (FSA) Training Center that consolidates Financial Value Transparency and Gainful Employment (FVT/GE) training information in a centralized location. The training information is intended to assist schools with understanding and complying with the FVT/GE regulations and processes and includes several pre-recorded webinars, presentations, and links to additional training resources. 

The U.S. Department of Education created supplemental training resources for the Financial Value Transparency and Gainful Employment (FVT/GE) process in response to feedback and commonly asked questions from schools. The resources offer additional assistance and guidance for complying with the reporting requirements and a review of the FVT/GE Completers List via the National Student Loan Data System (NSLDS).  

U.S. Department of Education Office of Federal Student Aid (FSA) electronic announcement regarding transmission of the revised draft Financial Value Transparency and Gainful Employment (FVT/GE) Completers List to schools. FSA announced that it planned to remit the List over the weekend of Oct. 26-27, 2024, through GEFVCMOP to each school’s Student Aid Internet Gateway (SAIG) TG mailbox, for all institutions enrolled for NSLDS FVT/GE reporting. The GE/FVT is used to calculate debt-to-earnings (D/E) and earnings premium (EP) measures, which will factor into GE determinations. Schools have until Jan. 15, 2025, to review and correct student information on the revised draft FVT/GE Completers List. 

Letter from the American Council on Education (ACE) and 21 other higher education associations to the U.S. Department of Education requesting a delay in all reporting requirements related to Financial Value Transparency (FVT) and Gainful Employment (GE). Citing the challenges institutions are currently facing related to implementation delays with the Free Application for Federal Student Aid (FAFSA), the letter urges that the Department delay all reporting requirements related to its new FVT and GE regulations beyond the current deadline of July 31, 2024. Drawing on a survey sent to member institutions conducted in collaboration with the National Association of College and University Business Officers (NACUBO) and the American Association of Collegiate Registrars and Admissions Officers (AACRAO), the letter also lists a number of areas of institutional challenge for the Department to consider as it develops sub-regulatory guidance.