Gainful Employment 2023 Update
On October 10, 2023, the U.S. Department of Education (the “Department”) published the Final Rule on Financial Value Transparency and Gainful Employment (88 Fed. Reg. 70004). The regulation restores and expands an accountability framework for career-specific training programs. At the same time, the regulation creates, for the first time, a new disclosure framework applicable to educational programs offered by all institutions participating in the title IV, Higher Education Act (“title IV”) federal student aid funding programs.
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The Final Rule
Thursday, November 9, 2023 at 1:00 PM ET
Join the AACS Government Relations and Regulatory team to better understand the new Gainful Employment rule that goes into effect July 2024. The Department of Education has created a new Gainful Employment rule that adds an additional Premium Metric comparing the earnings of your graduates with a high school graduate cohort aged 24-35. This new metric adds additional challenges for many schools to pass the new Gainful Employment rule.
Join us on Thursday, November 9, 2023, for our comprehensive review of the new Gainful Employment Rule.
- Section by section analysis.
- Impact on the Beauty and Wellness Education Sector.
- Ways to mitigate the impact.
- What schools are exempt?
- Areas of uncertainty in the rule.
- Litigation of the rule.
Cecil Kidd, AACS
Ed Cramp, Duane Morris
Kristina Gill, Duane Morris
Matthew Steinway, Duane Morris
Gainful Employment Supporting Materials
AACS GE Materials
- AACS Final Gainful Employment Rule Analysis Oct 2023
- AACS Public Comment Instructions
- AACS Gainful Employment Talking Points
- NPRM Summary and Alert
- AACS GE Webinar Slide Deck 5-24-23
- AACS GE Webinar Slide Deck 5-31-23
- AACS GE Webinar Slide Deck 6-7-23
Department of Education
Donate to the Legal Fund
AACS is preparing for litigation against the Gainful Employment rule by the United States Department of Education. We need your help!
To save our sector of education, we will need to raise $1.5 million. It is only with the help of everyone in the beauty and wellness community that we will be able to reach our goal.
We are asking each school to donate a minimum of $2,000 per campus to this fund. (AACS Members please login)
We are asking our Partner Members to support us at a level appropriate to your involvement with our schools.
Other member of the beauty and wellness community we appreciate any contribution you are able to make.