FVT / GE Regulations Resources

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