Institutions must, no later than January 31, 2016, update disclosures for each of their GE programs to reflect information from the 2014-2015 award year using this updated Disclosure Template to meet their disclosure requirements under 34 CFR 668.6(b).
The updated GE Disclosure Template –
- Automatically disables the median debt fields when an institution reports fewer than 10 completers to prevent institutions from disclosing this withheld information;
- Provides an additional option on the Job Placement screen for institutions that report 0 completers. Using the new option, an institution can indicate that it is required to calculate placement rates, but had no graduates in the program for the applicable award year. This is in addition to the existing options for institutions that are not required to calculate a job placement rate and those that are required to calculate the information, but are unable to do so due to the small number of completers;
- For institutions that use the bulk upload tool, adds a job placement rate screening question for institutions that report fewer than 10 completers to indicate whether the institution is not required to calculate a job placement rate, is required to calculate a job placement rate, is required to calculate a job placement rate but cannot do so due to the small number of completers, or is required to calculate a job placement rate but no students completed the program in the specified year;
- Changes the “Who is included?” field to “Placement Rate Methodology,” when a state and/or accrediting agency job placement rate is required.
Formerly, institutions were asked to enter information about program completers included in the calculation of the job placement rate in this field. This revision requires that the field (Placement Rate Methodology) be populated with a website URL, which links to a page with information about the program completers included in the calculation of the job placement rate. The website page must contain a list of exclusions or any other information pertinent to a student’s understanding of this rate. Job placement rate methodologies required by accreditation agencies and/or states commonly allow certain categories of students, such as those who are incarcerated, serving in the military, experiencing debilitating health conditions or transferring to another institution, to be excluded from the placement rate calculation. The website page to which users are directed must clearly explain the job placement rate calculation under the applicable accreditation agency or state methodology, and provide details on which students, if any, were excluded from the calculation under that methodology.
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