Gainful Disclosure Requirements—A Reminder and A Preview of the Template - Nationa... Page 1 of 2

Gainful Disclosure Requirements—A Reminder and A Preview of the Template
During the NASFAA Conference, the Department of Education (ED) reminded participants that the
June 30, 2012 U.S. District Court decision did not vacate the gainful employment (GE) program disclosure requirements in section 668.8(b) of the Student Assistance General Provisions regulations. This includes the mandatory use of the ED-developed template in providing the required disclosure information. ED is reviewing the template to ensure it complies with the court’s ruling, and expects to make it available for schools to use when updating their GE program disclosures using 2011-12 award year data. Until ED releases the template, schools are not required to update their GE program disclosures. However, once the template is released, schools will have 60 days to update the disclosures on their websites using the template.
The GE template not only should simplify the process for schools to make the required disclosures, but also should make the disclosures more consumer friendly. Because GE program disclosure information will be presented in the same format across all programs and across all schools, students and their families should find it easier to find and use the disclosure information.
ED staff also provided an overview of how the template will work. For each GE program, the template begins with the school’s six-digit Office of Postsecondary Education Identification (OPEID) number, the program’s Classification of Instructional Programs (CIP) code, and the program’s credential level. Then for each program, the school will enter:
• The program’s length in normal time (i.e., weeks, months, or years);
• The program’s Standard Occupational Classification (SOC) code(s);
• The