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2010 PLS Career Summit: Tom Kosel, Director of Government Relations, Globe University
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2010 PLS Career Summit: Tom Kosel, Director of Government Relations, Globe University

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Tom Kosel's presentation regarding Gainful Employment at the 2010 PLS Career Summit in Atlanta

Tom Kosel's presentation regarding Gainful Employment at the 2010 PLS Career Summit in Atlanta

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  • 1. Gainful Employment Panel
    Tom Kosel, Director of Government Relations
    Globe University / Minnesota School of Business
  • 2. Gainful Employment
    Since 1965, For-Profit Career Colleges have assisted their graduates in obtaining gainful employment by helping them secure a position in their field of study.
  • 3. Potential Final Gainful Employment Regs 7/1/2012
  • 4. Key Factors Driving Gainful Employment
    Student loan debt is increasing in all sectors of higher education
    For-Profit institutions graduate students with the highest average debt and the highest % of students with debt
    Lack of consistent, valid data on the ROI and the value- added received by our graduates
    Bias against For-Profit Educational Businesses
  • 5. The Challenge
    To provide student-centered, career-focused educational programs while reducing student loan debt
  • 6. Measuring the Outcomes of the Operation
    We have not tracked outcomes in a consistent manner.
    We do not have verifiable data to support our claim that we add value to the lives of our students.
    The gainful employment regs will require us to track data to demonstrate the eligibility and accessibility of our programs.
  • 7. Gainful Employment Requirements
    See handout titled “Program Integrity: Gainful Employment – New Programs 10/29/2010
    New Programs
    Reporting Requirements
    Disclosure Requirements
  • 8. 10/29/10 Final Regulations Effective 7/1/11
    Gainful Employment – new programs
    Institutions must notify DOE of new program at least 90 days before first day of classes
    If DOE wants additional information, they must alert the institution 30 days before the first day of classes.
  • 9. 10/29/10 Final Regulations Effective 7/1/11
    Gainful Employment – reports
    Annual reports by program from 7/1 to 6/30 with the following data:
    All students entering the program
    All students completing the program
    Completion date
    Amount student received from private educational loans and institutional financing that is owed
    Whether student matriculated to higher credential program at same institution or at another institution
    Total enrollment as of 6/30
  • 10. 10/29/10 Final Regulations Effective 7/1/11
    Gainful Employment – disclosures
    Disclosures must be in all promotional material and websites:
    Occupation the program prepares students to enter
    On-Time graduation rate for program
    The cost of the program including tuition, fees, books and supplies
    Placement rate for students completing the program using the methodology developed by NCES
    Median loan debt of all students completing the program
  • 11. Final Gainful Employment Regs 7/1/2012
  • 12. Gainful Employment: Suggested reading list
    See one page handout – for electronic version, send email request to
    tkosel@globeuniversity.edu

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