Gainful Employment Rescission Rule

Gainful Employment: Early Implementation of the Rescission of the Gainful Employment Rule

In accordance with Gainful Employment Electronic Announcement #122 - Early Implementation of the Rescission of the Gainful Employment Rule, Southwest Virginia Community College (SWCC) will early implement the rescission of the Gainful Employment Rule. In accordance with early implementation, SWCC will not be required to report GE data for the 2018-2019 award year to NSLDS, which will be due October 1, 2019. Additionally, SWCC will not be required to comply with the current requirements in 34 CFR 668.412 that require institutions to include the disclosure template, or a link thereto, in their GE program promotional materials and directly distribute the disclosure template to prospective students, which will be required starting on July 1, 2019. SWCC will no longer be required to post the GE Disclosure Template and may remove the template and any other GE disclosures that are required under 34 CFR 668.412 from their web pages. Finally, SWCC will not be required to comply with the certification requirements for GE programs under 34 CFR 668.414. This decision is effective July 23, 2019.

Approved by President’s Staff on July 23, 2019