On Oct 30, 2014 USDE announced final Gainful Employment rules.
The final rules do away with program Cohort Default Rates, a proposed metric that would have assessed defaults at the program level. The change means that all schools – even those with with multiple programs – will continue to be held accountable only to the currently monitored institutional Cohort Default Rates.
As expected, the final GE rules do include minimum standards for the debt vs. earnings of Title IV school graduates.
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