The Department of Education released a notice about the earnings thresholds used for the Financial Value Transparency and Gainful Employment regulations. These annual earnings thresholds help determine if educational programs provide valuable economic outcomes for graduates by comparing their earnings to set benchmarks. The thresholds are derived from U.S. Census Bureau data and apply to program graduates in states and nationally, as outlined in the regulations. This notice includes specifics for calculation year 2024 and provides resource access for individuals with disabilities.
Simple Explanation
The Department of Education has a plan to check if schools help their graduates get good jobs by seeing how much money they make. They use numbers from the U.S. Census to decide if students are earning enough, just like comparing how tall everyone is to see if they're growing well.