The U.S. Department of Education's gainful employment regulations require disclosure of certain program information to students and prospective students. Gainful employment programs are programs that "prepare students for gainful employment in a recognized occupation." Public institutions are required to report this information for all programs that are Title IV eligible and that lead to certificates and/or diplomas.
Gainful employment regulations require disclosure of the following information for each "gainful employment" program:
- Information on occupations that the program prepares students to enter
- Program costs, including tuition and fees and books and supplies
- Median federal and private loan debt of recent graduates
- On-time completion rate of recent graduates
- Job placement rate of recent graduates
Calculation of Placement Rates
Placement rates for the institution and its programs are calculated and submitted annually according to the rules of the Council on Occupational Education (COE). Placement for COE is considered a completer of a program who (1) is employed in the field of education pursued or in a related field, or (2) has received the appropriate credential and entered the military or continued his/her education. Valid employment in the field or a related field includes placement in a permanent full- or part-time position with an employer or employment agency, or self-employment in the field of education or a related field.
Completers that are unavailable for placement are excluded from this calculation. Students may be considered unavailable for placement due to incarceration, pregnancy, serious health-related issues, caring for ill family members, death and refusing employment. Schools must provide documentation needed to show that the students failed to keep interviews, enrolled in programs for personal use, or refused jobs in their fields or related fields of study.