The Department of Education has put a gainful employment policy in place to govern all institutions who are eligible for federal financial aid. In short, it’s to help ensure that students who incur debt for higher education receive a robust enough education that they can obtain the level of employment needed to make repayment of the debt incurred. The policy also aims to provide transparency to prospective students of gainful employment expectations.
The gainful employment rule sets standards and outcome minimums related to student debt levels for programs that provide training for gainful employment. A program that does not meet these minimums risks losing eligibility for all federal student aid.
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