Gainful Employment Rule: What Students Should Know
"College programs with a pattern of leading graduates to low-paying jobs or leaving them with debt they can't afford could lose access to federal financial aid money beginning in 2026 under a rule change announced by the Biden Administration in September 2023," U.S. News and World Report writes.
..."Schools and programs that fail the gainful employment measures will be required to directly notify students. Prospective students who receive a disclosure should do some digging on the school and investigate whether it's worth the risk, says Jill Desjean, senior policy analyst for the National Association of Student Financial Aid Administrators.
'There's just the risk that you can enroll in this program and get out and maybe not find a job, or not really see any income increase,' she says. 'You may not be able to achieve your goal through that program.'"
NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 10/11/2023
