Overview and How to Respond to the Biden Administration’s Proposed Gainful Employment Rule
Presenters:
Nicholas Kent, Chief Policy Officer, CECU
Aaron Lacey, Partner, Thompson Coburn, LLP
Join CECU’s Chief Policy Officer Nicholas Kent and Thompson Coburn’s Aaron Lacey on June 1, 2023, at 3:00 pm ET for a 90-minute webinar focused on the U.S. Department of Education’s recently released proposal to reestablish and strengthen the gainful employment regulations. The presenters will discuss the Biden administration’s proposed accountability framework that includes a revised discretionary and annual debt-to-earnings rate measure, as well as a new high school earnings premium. The webinar will cover other core components of the proposed rule that include the process for calculating and appealing rates, consequences for failing programs, and disclosure requirements. The presenters will highlight significant differences compared to the 2014 rule, including the addition of a financial value transparency framework, and suggest opportunities for public comment. Although time is allotted for live Q&A, attendees are encouraged to submit questions ahead of time through the webinar registration.