Gainful Employment Rescission
Effective
July 1, 2019, the Laredo College opted for early implementation of the
rescission of the Gainful Employment (GE) Rule. Consequently, GE data will no
longer be provided by Laredo College.
This
decision is based on the final rule published by the Department of Education
rescinding Gainful Employment (GE) regulations and providing for early
implementation, following the guidance posted by the Office of Postsecondary
Education on June 28, 2019:
Institutions that early implement the rescission of the
GE rule will not be required to report GE data for the 2018-2019 award year to
NSLDS, which will be due October 1, 2019. Additionally, those institutions that
early implement will not be required to comply with the current requirements in
34 CFR 668.412 (d) and (e) that require institutions to include the disclosure
template, or a link thereto, in their GE program promotional materials and
directly distribute the disclosure template to prospective students, which will
be required starting on July 1, 2019. Institutions that early implement will no
longer be required to post the GE Disclosure Template and may remove the
template and any other GE disclosures that are required under 34 CFR 668.412
from their web pages. Finally, an institution that early implements will not be
required to comply with the certification requirements for GE programs under 34
CFR 668.414.