Sec. 1003. Gainful employment programs
705 words·~3 min read·
/bill/116/hr/4674/ih/section-1003A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Part A of title I of the Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq.) is amended by adding at the end the following: In this Act (including for purposes of sections 101 and 102), the term program of training to prepare students for gainful employment in a recognized occupation means a training program that— is in compliance with the performance metrics (including the eligibility thresholds for each such metric) established under subsection (b)(1); is in compliance with the notice requirements under subsection (b)(1)(C)(i)(II); is otherwise eligible to receive funds under title IV; and is not a training program that is substantially similar to a training program which, during a period determined by the Secretary, did not meet one or more of the performance metrics (such as an eligibility threshold) described in paragraph (1).
Not later than 18 months after the date of enactment of the College Affordability Act , the Secretary shall establish requirements that training programs shall meet to be programs of training to prepare students for gainful employment in a recognized occupation, which shall include— establishing performance metrics (including eligibility thresholds for each such metric) described in subparagraph (B); and developing a disclosure template and a verification process for disclosures described in subparagraph (C).
In establishing the performance metrics under subparagraph (A)(i), the Secretary shall, at a minimum, establish the requirements for a debt-to-earnings rate that serves the best interests of students and taxpayers, which shall include— a methodology for calculating such debt-to-earnings rate for a training program, including— a definition of the cohort of individuals on whom such rate shall be based, who shall be selected from the individuals who were enrolled in such training program (without regard to whether the individuals received a loan for such enrollment); a determination of the debt amount for such rate based on the median annual loan payment for the loans made under title IV and the private education loans received for such enrollment by such cohort; and a determination of the earnings amount for such rate based on the mean or median of the actual, student-level annual earnings for such cohort; establishing a process (such as an appeals process) to authorize training programs to use alternate earnings in lieu of the mean or median of the actual, student-level annual earnings of a cohort; and establishing a threshold rate that each training program shall meet to be eligible to receive funds under title IV.
In determining the mean or median of the actual, student-level annual earnings for purposes of this subparagraph, the Secretary shall obtain and use the most appropriate available Federal data on such earnings. The Secretary shall develop— a disclosure template that— is consumer tested; and is used by each institution of higher education that offers a training program to provide enrolled and prospective students (including through publication on the website of such institution of higher education for such training program)— on an annual basis, student outcome information for such program (including the debt-to-earnings rate and whether the eligibility threshold for any other performance metric established under subparagraph (A)(i) has been met); and in a case in which the training program receives a notice of determination under paragraph (2)(B) that the program may be ineligible for funds under title IV, or may receive other sanctions, not later than 30 days after receipt of such notice, an explanation of such notice of determination; and a process to annually verify that each institution of higher education that offers a training program is providing the disclosures required under clause (i)(II).
Not later than 2 years after the Secretary establishes requirements under paragraph (1), and annually thereafter, the Secretary shall, with respect to each training program that meets the definition of subsection
(a)or that seeks to meet such definition— calculate the debt-to-earnings rate and assess performance with respect to any other metric established under paragraph (1)(A)(i) for the preceding award year, and make such information publicly available on the website of the Department; issue a notice of determination on whether the program is meeting the requirements established by the Secretary, including whether the program shall be subject to sanctions (such as loss of eligibility under title IV); and enforce the applicable sanctions. .
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 1003
Gainful employment programs
Cites 1Cited by 0 across 0 sources