STATS, Earnings Accountability and Early Implementation: What Schools Need to Consider Before October 1
In our last blog post, we shared updates regarding the STATS final rule and reminded institutions of the upcoming October 1st reporting deadline. In this blog post, we want to expand on the final regulations in light of a recent Federal Student Aid (FSA) training on Student Tuition and Transparency System (STATS) reporting requirements and Earnings Accountability framework. At the same time, institutions are facing an important decision: whether to early implement the new Accountability regulations or remain subject to the existing Financial Value Transparency and Gainful Employment (FVT/GE) regulations until the new rule becomes mandatory on July 1, 2027.
For many schools—particularly those offering cosmetology, barbering and wellness programs—the answer may not be as straightforward as it first appears.