The U.S. Department of Education has recently announced updates to the deadlines for institutions to report necessary information under the Financial Value Transparency and Gainful Employment (FVT/GE) regulations. Institutions have until January 15, 2025, to meet the reporting requirements and review their Completers Lists.
This extended deadline is particularly beneficial as it allows educational institutions to focus on finalizing critical tasks related to the 2024-2025 FAFSA while also preparing for the launch of the 2025-2026 FAFSA.
Key Updates
- FVT/GE Reporting Deadline: All required reporting related to Financial Value Transparency and Gainful Employment must be submitted by January 15, 2025.
- Completers List Review Deadline: The same January 15, 2025, deadline applies to reviewing Completers Lists, which play a vital role in measuring and reporting graduate earnings.
These adjustments offer institutions additional time to ensure compliance with the FVT/GE rules while managing other priorities. Proper reporting under these rules is essential as it impacts the measurement of graduate outcomes and helps assess the value institutions provide to their students.
Why This Matters
The FVT/GE rules are designed to offer greater transparency around the financial value that higher education institutions provide to their students. By extending the deadlines, the Department of Education is giving colleges and universities the flexibility needed to navigate both the financial aid cycle and the complexities of the new regulatory requirements.
Institutions must remain proactive in reporting and review processes to avoid penalties or compliance issues. The updated timeline underscores the importance of aligning internal processes to ensure all required information is submitted accurately and on time.
What to Do Next
Higher education administrators should:
- Prioritize FAFSA Preparations: As the FAFSA deadlines approach, ensure that your institution is ready for both the 2024-2025 and 2025-2026 cycles.
- Complete FVT/GE Reporting: Prepare and submit all necessary reports by the January 15, 2025 deadline.
- Review Completers Lists: Ensure your Completers Lists are reviewed, as they are critical to measuring graduate earnings and institutional outcomes.
For more detailed information, refer to the Department of Education’s official announcement here.
If you have any questions or need further assistance, don’t hesitate to reach out to your Dean Dorton advisor or Megan Crane, the Higher Education team leader.
