Final GE For-Profit

1845-0123 – Affected Public – For-Profit Institutions 10/22/2014

The Secretary amends the Student Assistance General Provisions by adding Subpart Q to Part 668, to establish measures for determining whether certain postsecondary educational programs lead to gainful employment in recognized occupations, and the conditions under which these educational programs remain eligible for student financial assistance programs authorized under Title IV of the Higher Education Act of 1965, as amended (HEA).

In general, the requirements establish various metrics such as debt to earnings rates to determine whether a gainful employment (GE) program may continue to participate in the title IV, HEA programs.

Institutions have the opportunity to correct the data, challenge the data, and appeal the data, as well as, submit alternatives to some of the data under these regulations. Institutions with GE programs must report information about all students in GE programs. As a result of the metrics, institutions may be required to provide enrolled students and prospective students with disclosures and/or warnings regarding the metrics of completers and about students who withdrew from the GE program.

Section 688.405 - New Burden:

# of Respondents # of Responses Burden Hours

1,060,494 1,060,494 191,795

Section 688.410 - New Burden:

# of Respondents # of Responses Burden Hours

11,719,560 11,719,560 1,058,980

Section 688.411 - New Burden:

# of Respondents # of Responses Burden Hours

15,199,374 15,199,374 471,061

Section 688.412 - New Burden:

# of Respondents # of Responses Burden Hours

13,375,630 13,375,630 1,798,489

Section 688.413 - New Burden:

# of Respondents # of Responses Burden Hours

36,750 36,750 294,000

Section 688.414 - New Burden:

# of Respondents # of Responses Burden Hours

2,526 2,526 1,263

TOTALS

Responses 41,394,334

Respondents 41,394,334

Burden Hours 3,815,589