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Background
The U.S. Department of Education’s Financial Value Transparency (FVT) and Gainful Employment (GE) regulations require institutions to report key information about enrollment, student costs, and financial aid. These data are critical because the Department will use them in ways that directly affect students, programs, and institutions:
- Student financial aid. Career-focused programs must show they prepare students for good jobs. Programs that fall short may lose access to federal financial aid.
- Enrollment and disclosures. The Department will publish data showing what students can expect to pay, how much they may borrow, and typical earnings after graduation. Starting in July 2026, programs that don’t meet certain standards will also have to give prospective students clear warnings before they enroll.
AIR is committed to helping members navigate these requirements by providing timely guidance, practical tools, and opportunities to learn from one another.
This webpage includes information to assist institutions with the FVT/GE reporting requirements and are not, nor are they intended to be, legal advice or a substitute for regulatory guidance from the ED.
Important Dates
September 30, 2025
Updated deadline for submitting the Student and Program Level Reporting data to the National Student Loan Data System (NSLDS) and completing review and updates to the Completers List.
After September 30, 2025 reporting deadline:
- NSLDS plans to distribute the 2025 draft Completers List after the 1st reporting cycle’s September 30, 2025, due date
- NSLDS makes debt information available to students
October 1, 2025
2nd reporting cycle (2025) deadline for completing Student and Program Level Reporting
Free Webinar from AIR and NSC: A Refresher on the Upcoming FVT/GE Reporting Requirements
September 5, 2025 | 1–2:30 p.m. ET
Resources and Information
Resources from the U.S. Department of Education
Announcements
- (Issued on 7/9/2025) The U.S. Department of Education reminded schools that Financial Value Transparency and Gainful Employment (FVT/GE) data reporting for the 2025 cycle began on July 1, 2025, and runs through October 1, 2025. The most recently completed award year for the 2025 reporting period is the 2024–25 award year, which ended on June 30, 2025. Announcement GE-25-03 for details.
- (Issued on 2/14/2025) The U.S. Department of Education extended the deadline for evaluating Completers’ Lists and reporting data associated with Financial Value Transparency and Gainful Employment (FVT/GE) until September 30, 2025. Announcement GE-25-02 for details.
Links
- Federal Student Aid’s (FSA) Knowledge Center includes the following FVT/GE resources
- NSLDS Financial Value Transparency and Gainful Employment (FVT/GE) User Guide
- FVT/GE Topics page lists the federal register notices, dear colleague letters, electronic announcements, and frequently asked questions.
- Frequently Asked Questions
- Email for questions: GE24@ed.gov
- Subscribe for daily or weekly updates at: https://fsapartners.ed.gov/subscriptions
Resources from the National Student Clearinghouse (NSC)
Past Webinar Recordings, Slides, and Resources
- Webinar: AACRAO, AIR and NSC to Provide Update on GE and FVT Regulations
December 4, 2024 (View Recording) - 2024 AIR Forum Session Replay: Federal Regulation Reporting (Part 1) Updates on Requirements including FVT/GE
Session held May 29, 2024 (View Recording) - 2024 AIR Forum Session Replay: Federal Regulation Reporting (Part 2) Tips and Strategies for FVT/GE Reporting
Session held May 29, 2024 (View Recording)
Other Resources
Articles from AIR
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U.S. Department of Education Issues Reminder on 2025 FVT/GE Reporting Cycle and Upcoming Student Warning Requirements
On July 9, 2025, the U.S. Department of Education (ED) issued Electronic Announcement GE-25-03, reminding institutions that the 2025 Financial Value Transparency (FVT) and Gainful Employment (GE) reporting cycle opened J...Read Moreabout: U.S. Department of Education Issues Reminder on 2025 FVT/GE Reporting Cycle and Upcoming Student Warning Requirements -
AIR Supports Request to Extend Reporting Deadlines for Financial Value Transparency and Gainful Employment Regulations
In January 2025, the Association for Institutional Research (AIR) joined a coalition of higher education associations in signing a letter led by the American Council on Education (ACE) to the U.S. Department of Education...Read Moreabout: AIR Supports Request to Extend Reporting Deadlines for Financial Value Transparency and Gainful Employment Regulations -
Higher Education Associations Call for Extension of Financial Value Transparency and Gainful Employment Reporting Deadline
On December 13, 2024, several higher education associations sent a letter urging U.S. Secretary of Education Miguel Cardona to extend the January 15, 2025, deadline for financial value transparency (FVT) and gainful empl...Read Moreabout: Higher Education Associations Call for Extension of Financial Value Transparency and Gainful Employment Reporting Deadline
