Gainful Employment: Department of Education Completers List
If you are an institution with one or more Gainful Employment (GE) programs, you should have received your Draft Gainful Employment Completers List from The Department of Education.
The Completer Lists are utilized to identify the applicable students who graduated from GE programs from 2010 to 2012. These graduates will be included in the first set of Debt-to-Earnings (D/E) rates calculated by the U.S. Department of Education, which plans to issue D/E rates in January 2017.
The issuance of the Completer Lists is the first step in the calculation of the D/E rates that will be used to measure your compliance with the GE Rule. Postings from the Federal Student Aid Office advise that you will have 45 days to submit corrections to the information included in the Draft GE Completers Lists. The 45-day period will not begin until the new “GE Completers List Corrections Submission” process is made available.
The Federal Student Aid Office also communicated that institutions are to begin review of the information on their Draft Completers Lists. If you believe there are errors, you may request a correction or submit a challenge. In addition to submitting correction requests for information initially reported, the GE Completers List corrections process also allows the institution to challenge the inclusion or exclusion of a student.
In the future, understanding how your graduates are performing at an aggregated level with verified employment and income data direct from employers will be useful in measuring the outcomes of your schools and programs prior to receiving your Completers list. This insight may provide you the opportunity to make proactive decisions as you prepare for the calculation of future D/E rates.
For more information on Equifax’s Graduate Outcomes solution, please contact Kristin.Harty@equifax.com.
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