The U.S. Department of Education filed a motion on July 30 asking a federal court to modify part of a June 30 decision that voided some of the key provisions of the “gainful employment” regulation.
The Dept. of Education asked the court to reinstate the requirements that institutions report information about student loan-repayment rates and debt-to-income ratios, reports the Chronicle of Higher Education. The department argues that the court incorrectly threw out the reporting requirements based on a misunderstanding of the regulations and how the debt measurements are calculated.
The Chronicle reports that the Dept. of Education’s motion argues that the court mistakenly thought the institutions could calculate gainful employment information on their own, when in fact the schools must provide some data so the department can calculate some of the measures. The department cites the need to obtain student earnings data from the Social Security Administration to calculate debt-to-income ratios.
Despite the fact that the court vacated penalties for schools that perform poorly on metrics that it views as poorly thought out, the department argues that it is still valuable to have programs report the information, states the Chronicle.
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