Frequently Asked Questions Knowledge Center

After receiving your required financial aid data, the Clearinghouse will make sure all data fields adhere to NSLDS definitions and standards. We’ll also ensure that your data passes a robust series of validations to reduce the risk of NSLDS’ rejecting records, which would require more work by your institution. In such a situation, the institution should report on all the disbursements that were made at the time that reporting is completed on or before October 1. Under the second financial transparency option, if the institution can document the actual amounts, it may attribute those amounts to each program.

Updated Timeline for Financial Value Transparency and Gainful Employment Reporting and Completers Lists

You should ensure there is a PGP key provided on the “Report Encryption” tab in the “Service Profile” for your institution. The FVT/GE reports are secured with an additional layer of PGP encryption, which the Clearinghouse uses to encrypt reports downloaded by all authorized users. An institution may not enroll, register, or enter into a financial commitment with a prospective student until at least three business days after the institution delivers the warning. Final reporting requirements will be provided in operational guidance prior to implementation of the regulations. This page provides the most updated information pertaining to the Financial Value Transparency and Gainful Employment (FVT/GE) Final Regulations which were published October 10, 2023. These regulations aim to bring back accountability metrics with changes that are intended to make available data more meaningful to students and to the general public.

• The FVT/GE Completers List is created by NSLDS using your institution’s Enrollment Reporting data.
• The Department plans to publish additional Frequently Asked Questions (FAQs) related to the FVT/GE requirements in the near future.
• Completers Lists have been finalized and will be sent to another federal agency to calculate median earnings information.
• Schools should also use one of the two methods described above when reporting award year values in the AA Detail Record for students who are currently enrolled in more than one program at the institution as of June 30.
• Respondents’ comments indicate that current staff will likely forgo current projects or annual leave, or will be asked to work overtime/additional hours to ensure this reporting is accomplished on time.
• If fewer than 30 students completed the program during the two-year cohort period, the four-year cohort period will be used.

Overview of Reporting Requirements

Our FVT/GE solution creates a new and flexible data intake model that will give your institution more options for how it submits data to the Clearinghouse. This model can adapt more readily to evolving regulations and the way they affect your institution’s compliance and reporting needs. The Clearinghouse can identify students who would otherwise be missing from your cohort and completers record, and we will prefill some of your FVT/GE report data, which saves you time and effort. real estate cash flow The Department is continuing to address questions and concerns raised about the Completers Lists.

• Only include students in your reporting for programs at your school for which they have received Title IV aid.
• This attestation is provided as part of an institution’s program-specific reporting, as described above.
• Other sections of the broader regulatory package released in May with the gainful-employment rule are still in the works and could be delayed because of a shutdown.
• Schools can use this comprehensive report to assist in identifying those students, with Title IV aid for the program, that require FVT/GE reporting.
• That’s why we’re applying our decades of compliance experience and extensive resources to develop a solution that will help you navigate these challenges — and lay the foundation for a system that can easily adapt to meet future reporting needs.
• You can use the “Download AY File” option to download a copy of the corresponding Award Year’s cohort.

Federal Regulation Reporting (Part : Updates on Requirements including FVT/GE

An overview of the FVT/GE provisions scheduled to be implemented on July 1, 2024 can be found in Dear Colleague Letter GEN-24-04. Feather River College does not discriminate on the basis of race, color, national origin, sex, sexual orientation,disability, or age in any of its policies, procedures, or practices. This nondiscrimination policy covers admission and access to, treatment, and employment in the college’s programs and activities. Nearly 100% of America’s colleges and millions of students rely on the National Student Clearinghouse every day. The acknowledgement requirements will become effective on July 1, 2026 after the Department has established the program information website.

What is “Graduated Status Reconciliation?”

If there are fewer than 30 completers in the 4-year period, neither of those rates will be calculated for the program. Yes, the Clearinghouse secure site maintains data your retained earnings institution submitted to the Clearinghouse and that we sent to NSLDS for FVT/GE reporting. You can use the “Download AY File” option to download a copy of the corresponding Award Year’s cohort.

Financial Value Transparency and Gainful Employment Information

• The reconciliation is performed for DegreeVerify records the Clearinghouse received from your institution on or after January 1, 2015, that do not have a corresponding Graduated (G) enrollment status at the program level.
• Such programs must be accredited by an agency that meets State requirements if a State has such requirements for licensure.
• If a program using transitional calculations has sufficient completers in the earnings cohort but not the debt cohort, the Earnings Premium metric will be calculated and included with median earnings information on the program information webpage.
• The Clearinghouse will offer an augmented supplemental process for institutions to use to provide us with their standard or transitional reporting in compliance with the deadline.
• Some institutions offer degree programs where students may also be awarded a non-degree credential (e.g., certificate, diploma) after completing a portion of the degree program.

The FVT/GE regulations require schools to annually report two types of data to the NSLDS, student-specific information and program-specific information. In 2024, for the initial reporting of student-specific data, schools will report on students (enrolled, completed, or withdrawn) who have received Title IV funds for the program being reported during the most recently completed award year. Additionally, schools will provide information on students who have received Title IV funds for the program being reported and who have graduated or withdrawn during the standard or transitional reporting periods selected.