Earnings Accountability Reporting, Disclosures, and Warnings

Section 84001 of the One Big Beautiful Bill Act (OBBB), signed into law by President Trump on July 4, 2025, established an accountability framework for all postsecondary programs of study that participate in the Direct Loan Program, modifying the Higher Education Act of 1965, as amended (HEA). The proposed framework would compare the median earnings of graduates to median earnings of a comparison group and would discontinue a program’s Direct Loan eligibility if its graduates earn less than the comparison group. This information collection seeks to update the current accountability regulations with the requirements of the One Big Beautiful Bill Act. The Department is also requesting that 1845-0173 and 1845-0174 information requirements and burden be merged with this collection (1845-0814) and be renamed 1845-0184 Earnings Accountability Reporting, Disclosures, and Warnings. It no longer makes sense to separate these collections with the proposed harmonization of regulations.

The latest form for Earnings Accountability Reporting, Disclosures, and Warnings expires 2029-08-31 and is listed under ICR 202607-1845-003.

View the official OMB control history on Reginfo.gov.

Earnings Accountability Reporting, Disclosures, and Warnings - Public

Federal Enterprise Architecture: Education - Higher Education