Gainful Employment Electronic Announcement #121 – Additional Guidance on Completing the 2019 GE Disclosure Template – IFAP
The purpose of this Electronic Announcement is to provide answers to some common questions regarding the 2019 Gainful Employment Disclosure Template (GEDT).
Students to Include in Median Debt Calculation
One of the simplifications made to the 2019 GE Disclosure Template (GEDT) was the elimination of staggered completion cohorts based on program length and student start year. This year schools can simply base median debt calculations on Title IV students who completed the program within 100% of normal time during the most recently completed award year (2017-2018).
To accommodate concerns raised that this change might involve overly burdensome reprogramming in some data systems, we are adding the option to use last year’s method of calculation with the start years advanced forward one year. This method of calculation involves looking at the start year, not the completion year, and looking at the Title IV students who first began during the given award year and then proceeded to complete within 100% of normal time. Note that depending on what point during the school year varying students began and the pace at which they completed, if you calculate based on start year, it is possible for your on-time completers to have differing completion years.