On March 29, 2024, given advocacy from members of the higher education community, the Department of Education announced that the Financial Value Transparency and Gainful Employment reporting requirements will be delayed from July 31, 2024, to October 1, 2024. The announcement also includes a revised timeline and implementation milestones for the remainder of 2024 and early 2025 for the release of policy and operational guidance.
While this is a step in the right direction, higher education associations, including WAICU, will continue to share the message that this is not enough of a delay for institutions to appropriately fulfill obligations under the new regulations, especially in light of the work that still needs to be done due to the FAFSA delays.
For more information, email WAICU Executive Vice President for External Relations Rebecca Larson.