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 July 1, 2025, and will remain open through October 1, 2025. This cycle covers data for the 2024–25 award year.

The announcement clarifies that the extended deadline of September 30, 2025, applies only to the 2024 reporting cycle. Institutions should note that the 2025 reporting cycle maintains its original October 1, 2025 deadline.

Looking ahead, ED has announced plans to launch a public-facing FVT disclosure website by July 2026, where program-level data—including debt, earnings outcomes, and warnings for programs identified as at risk—will be made publicly available.

Beginning July 1, 2026, institutions offering GE programs that fail debt-to-earnings tests will be required to issue student warnings prior to enrollment. Prospective students must review and acknowledge receipt of these warnings before they can enroll in programs deemed failing under federal standards.

Resources

• Stay informed: Visit the AIR FVT/GE Regulations Resources page for the latest updates, guidance documents, and official announcements.
• Get up to speed: Read New Financial Value Transparency Rules for Higher Ed: What You Need to Know by Carolyn Mata for an overview of the rules and their implications.
• Join the conversation: Watch your inbox for an upcoming webinar invitation that will cover these requirements in detail, along with any recent changes.
• Collaborate with peers: Visit AIR Hub to connect with colleagues about reporting challenges and strategies for navigating FVT/GE requirements.