Education Department Heeds Calls to Delay Gainful Reporting Deadline

The Education Department said Friday it will push back the reporting requirements for its new gainful employment and financial value transparency rule (FVT/GE) from July 31 to Oct. 1. Under the rule, colleges and universities will have to report new program-level information, including the total cost of attendance and the amount of private education loans disbursed to students. They’ve argued in letters to the department that it’s too much, too soon, largely because they need to focus on processing student aid applications and sending out award letters. Institutions have had less time this year than usual because of the fraught roll-out of the new Free Application for Federal Student Aid, which has faced myriad delays and technical issues.