The U.S. Department of Education (ED) will soon be distributing institutions’ Draft “GE Completers Lists” to the institutionally designated Student Aid Internet Gateway (SAIG) mailbox, if an institution had one or more GE Programs with program completers in award years 2010-2011 and 2011-2012.
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. Once ED distributes the Draft “GE Completers’ List,” schools will have 45 days to submit any necessary corrections.
ED has strongly encouraged that schools should, no later than May 13, 2016, report to NSLDS any missing GE Program information and make any necessary corrections to information previously reported. Making any necessary corrections to data now will help to ensure that the Draft “GE Completers Lists” ED sends to the school are accurate and complete. ED “currently” anticipates creating and releasing the Draft GE Completers Lists to schools by June 1, 2016.
Schools that have not yet done so should review the data that ED has posted on the IFAP GE Information Page. Specifically, schools should become knowledgeable of the information in the GE Electronic Announcements #59, #60, #61, and Chapter 4 of the NSLDS Gainful Employment User Guide. Information in these publications will be of assistance to schools as you prepare for submitting corrections to the GE Program information.
Of note, ED suggests that institutions pay careful attention to previously reported attendance dates as those dates impact the loan attribution calculations used later in the process for calculating GE Debt-to-Earnings rates and cannot be corrected or challenged later.
ED has also announced that the formerly planned Data Challenges and Appeals Solution (DCAS) system will not be used in this corrections cycle. Instead schools will utilize NSLDS to make any appropriate data corrections.
To assist schools with a greater understanding of the Draft GE Completers List process, ED is conducting two different GE Completer List Webinars. Each of them will be held twice:
Title: Reading Your Draft GE Completer List Files
Dates and Times: Thursday, June 2 and Tuesday, June 7, both from 2:00 PM ET to 3:00 PM ET.
Title: Submitting GE Completer List Corrections
Dates and Times: Tuesday, June 14 and Thursday, June 16, both from 1:30 PM ET to 3:00 PM ET.
Subsequent Electronic Announcements to be posted to IFAP will provide the details of calling in for the Webinars.
Should you have any questions regarding this information about the upcoming release of the Draft GE Completers Lists and the data corrections process, please feel free to contact Customer Service through the Client Solution Center.
This material is presented for informational and educational purposes only and should not be considered to be giving legal advice.