The Memorandum Of Understanding (MOU) between the Social Security Administration and the Department of Education that allowed the two agencies to share earnings data expired last year. As a result, ED cannot calculate the Debt-To-Earnings Rates (D/E) that would be used measure program outcomes and to impose sanctions on schools and colleges under the current Gainful Employment rules.
Although the MOU hasn’t been renewed, rendering the calculations useless, the Gainful Employment rules are still in effect. Last month Federal Student Aid distributed the Final Gainful Employment Completers Lists and Draft Gainful Employment Lists Corrections Results to institutions via NSLDS and institution’s SAIG mailboxes. Although the deadline for corrections expired on July 13, 2018 and no additional corrections may be submitted, schools can access this data to see the outcome of their corrections if they submitted one. For more information about this data check out Gainful Employment Electronic Announcement 118 here.