Today, the Department of Education released an unofficial copy of its final gainful employment regulations. According to the Department, the rule “will protect approximately 700,000 students a year from career training programs that leave graduates with unaffordable loan payments or earnings no better than what someone who did not pursue postsecondary education earns in their state.” The final rule also includes a new Financial Value Transparency (FVT) framework, that will give students in all programs detailed information about the net costs of postsecondary programs, and the financial outcomes they can expect.
More details may be accessed here.