Gainful Employment Rule Survives For-Profit Group’s Court Challenge
A federal judge on Tuesday, June 23 rejected a serious legal challenge, brought by the Association of Private Sector Colleges and Universities, to the controversial Gainful Employment rule. The lobbying group’s lawsuit was the highest hurdle remaining for the proposed Gainful Employment rule, which will judge career-oriented programs on their graduates’ ability to repay their student loans. The Gainful Employment rule is slated to take effect on July 1.*
The final rule, which was released last fall, is expected to cause 1,400 programs, 99 percent of them at for-profit colleges, to be put at risk of losing eligibility for federal student aid.*
To better understand if programs are at risk, Equifax is providing educational institutions with programmatic graduate outcome metrics based on objective and verified data – driving deep insight into the current and trended (retrospective) labor market performance metrics at the institutional and programmatic levels.
TheWorkNumber®, a service of Equifax, allows academic institutions to validate and monitor critical placement (employment) and earnings metrics—thereby allowing for seamless data collection and analysis, as well as superior capabilities to measure the impact of program enhancements on graduate outcomes. You can also use the findings from our graduate outcomes to market your programs ongoing.
If you are interested in learning more– contact an Equifax representative today at email@example.com.
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