MAACS Webinar: "The Proposed Gainful Employment Rule & How Your School Can Help Advocate On It So Your Students Don't Lose Their Federal Aid"
Please join MAACS on June 7 at 1:00 for a very important webinar. Because of the importance of this issue and need for as many schools as possible to advocate, we are making this webinar FREE for both members and non-member schools.
MAACS and a panel of legal experts who specialize in higher education law are hosting this webinar to review the new proposed Gainful Employment (GE) Rule, and how it may impact your school and your students' access to financial aid. Following the review of the GE Rule, MAACS will inform schools on several ways they can help advocate on the proposed rule.
Aaron Shenck - Executive Director - MAACS
Roger Swartzwelder - Legal Counsel - Maynard Nexsen
Chris DeLuca - Legal Counsel - DeLuca Law LLC
Jonathan Tarnow - Legal Counsel - Faegre, Drinker, Biddle, & Reath LLP
Noelle Britton - Staff Member of US Congressman Lloyd Smucker, Member of US House Education Committee
On May 19, the US Department of Education (Department) published a Federal Register Notice proposing new regulations on "Gainful Employment", along with several other new regulations. The Department announced they expect these regulations would cut off federal financial aid for approximately 700,000 students attending 1,800 career training programs.
The Department provided an Excel spreadsheet of career programs at various institutions across the United States to show which programs would lose eligibility for federal financial aid under the proposed GE metrics. The Department estimates that 58% of proprietary institutions have at least one program that could lose such eligibility. The Department has opened a public comment period on the proposed GE Rule that is open until June 20, 2023.
The notice of proposed rulemaking also addresses several issues beyond GE, and these include: financial responsibility, certification procedures to receive federal financial aid through a program participation agreement, standards of administrative capability, and Ability-To-Benefit.