Pam’s Link Alerts: Gainful Employment Training by FSA
Federal Student Aid has announced the first in a series of webinars that will provide information on new regulatory requirements related to Title IV-eligible educational programs that lead to gainful employment in a recognized occupation (GE program).
– Federal Student Aid staff will present this webinar in a 90-minute session offered on Wednesday, May 25, 2011 at 1:30 P.M. (ET) and again on Thursday, May 26, 2011 at 11:00 A.M. (ET).
– Advance registration is required for this training and will be available on a first-come, first-served basis. To register for the webinar, click on this link:
– The first webinar will not include information related to the approval process for new GE Programs, a subsequent webinar will provide information on that topic. The May webinars will also not include information on the determination of the Title IV student aid eligibility of GE Programs, as proposed in a Notice of Proposed Rulemaking (NPRM) published in the Federal Register on July 26, 2010. The Department is in the process of finalizing those regulations and, once published, it will be included in one or more webinars in this series.
-As outlined in the Federal Register on October 29, 2010, regulations require institutions participating in the student financial assistance programs to report, by October 1, 2011 and once a year thereafter, certain information to the Department about students who are enrolled in GE Programs. The regulations also require that, effective July 1, 2011, institutions provide certain disclosures about each of their gainful employment programs to students and prospective students. The October 29, 2010 regulations also include requirements for the reporting of new gainful employment programs by institutions to the Department.
-The first webinar will include information on only the reporting and disclosure requirements of the new regulations. Information will be provided on the definition of a GE Program, the requirements for and the process that will be used to meet the GE Program reporting requirements, and the regulatory requirements related to the disclosure by institutions of information about each of their GE Programs.
-It is important that financial aid administrators and other campus personnel who will participate in the webinar review the October 29 regulations and the information provided in Dear Colleague Letter GEN-11-10, posted on April 20, 2011 to the Information for Financial Aid Professionals (IFAP) Web site.