The U.S. Department of Education (ED) has announced the official 45-day Review Period for the Draft “GE Completers Lists Correction Period?” The Review Period for reviewing and submitting corrections is established by ED to be from June 14, 2016, through July 28, 2016.
The Review Period was announced in ED’s GE Electronic Announcement #81 on June 10, 2016. Schools should review the information in this Electronic Announcement and submit any necessary corrections to its Draft GE Completers List by July 28, 2016.
Additional clarifying information about the Draft GE Completers List was also provided in the May 31, 2016, Gainful Employment Electronic Announcement #78 – Draft GE Completers List Files and the June 8, 2016, GE Electronic Announcement #80. This information will likely be beneficial for schools to become familiar with, as well, especially the attachment to the June 8, 2016, announcement.
The GE Completers List is used by ED in calculating an institution’s Debt-to-Earnings (D/E) rates using the debt and earnings of students who completed Gainful Employment (GE) programs.
Now that ED has distributed the Draft “GE Completers’ List, AND has announced the official Review Period,” schools have 45 days from the start of the official Review Period announced in the June 10, 2016, Electronic Announcement to submit any necessary corrections. Keep in mind that the 45-day review period did not begin on June 1, 2016, when the Draft GE Completers Lists were distributed. Rather, the official Review Period began on June 14, 2016. Thus the final day for submitting corrections to the Draft GE Completers List is July 28, 2016. See the GE Electronic Announcement #82 posted June 14, 2016.
For more information on this topic, please refer to FAME’s “Did You Know?” distributed on May 10, 2016. It was titled, “Draft GE Completers List.”
Finally, ED conducted Webinars on “Submitting GE Completers List Corrections” on June 14, and June 16, 2016. See the June 10, 2016 GE Electronic Announcement #81 for a link to information about these Webinars. For those who did not participate in the live presentations of these, the recording of the Webinars should be posted on IFAP soon (likely within a week of the last Webinar on June 16, 2016).
Should you have any questions regarding this information about the release of the Draft GE Completers Lists and the data corrections process, please feel free to contact Customer Service through the Client Solution Center.
(EA 06142016_GE82; EA 06102016_GE81; EA 06082016_GE80)
This material is presented for informational and educational purposes only and should not be considered to be giving legal advice.