NCLC, on behalf of its low-income clients, signed onto a letter regarding the Department of Education’s announced delay on implementation of the new Financial Value Transparency and Gainful Employment (GE) Rule. The framework and GE rule should have taken effect on July 1, 2024; however, the Department has announced that the implementation will be delayed until October 1, 2024. The GE rule will provide critical protections for students by ensuring that career programs that lead to high levels of debt without a corresponding increase in earning power – as well as programs that fail to provide increased earnings relative to high school graduates in each state – improve or close. NCLC commends the Department for reinstating and improving a rule that takes critical steps to address career education programs that fail to deliver for students and offers students and families essential transparency into the performance of other higher education programs. NCLC urges the Department not to delay implementation beyond October 1, 2024.
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