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Gainful Employment

Gainful Employment. Webinar #9 Gainful Employment: GE Backup Detail Report Q & A July 11, 2012. Rate Package. Rate Package consists of: Letters for each program Debt Measures Letter Loan Medians for Disclosures Letter Backup file for each program Loan Medians for Disclosures file

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Gainful Employment

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  1. Gainful Employment Webinar #9 Gainful Employment: GE Backup Detail Report Q & A July 11, 2012

  2. Rate Package • Rate Package consists of: • Letters for each program • Debt Measures Letter • Loan Medians for Disclosures Letter • Backup file for each program • Loan Medians for Disclosures file • Repayment Rate file • Debt Measures file • Rate Package distributed through SAIG • If you didn’t sign up before rates were distributed: • Didn’t receive Rate Letter • Letters can’t be recreated after the initial distribution via SAIG • Get rates online • Request back up files online

  3. TwoDebtMeasures • Repayment Rate – • A percentage of the Title IV loan amounts that a GE Program’s former students are repaying (weighted for loan balance) • Debt-to-Earnings Ratios – • For the GE Program’s completers, the educational loan annual repayment amount as a percentage of their earnings

  4. Loan Medians • Medians for Disclosures – NOT what was used for Debt Measures • Three types: • Title IV Loans • Private Loans • Institutional Financing • Most recently completed Award Year • Completers only

  5. GE Operations Manual GE Operations Manual can be found on IFAP http://ifap.ed.gov/GainfulEmploymentOperationsManual/GainfulEmploymentOperationsManual.html

  6. Backup File • Each backup file contains data utilized by the Department in the calculation of a specific type of metric • Backup data for each metric will be contained in its own file • One program equals 3 backup files • Loan Medians for Disclosures, Debt-to-Earnings Ratios, Repayment Rate • 20 programs equals 60 backup files

  7. Backup File Organization

  8. Backup File Organization • All data considered at any step in the calculation has been grouped together into common groups or types within the file. • All student records are together, all loan records are together, etc. • These groups are called Record Types • Regulations outlined conditions to be considered for the inclusion or the exclusion of data for each metric.

  9. Backup File (00) (05) (10) (15) (20) (40) (25) (30) (45) (35) (50) (55) (99)

  10. File Layout

  11. Backup File Organization Each backup file is for a single program • Fixed width file • Record types are organized the same for: • Loan Medians • Repayment Rate • Debt-to-Earnings • While the number of records present in the file may vary, the record types will always appear in the same order

  12. Backup File Backup file consists of: Header Record Program Header Record Program Student Record Program GE Record Program Loan Record Program Loan – Other GE Record Program Loan – Consolidation Loan Record Program Loan – Enrollment Record Program Student Enrollment in Earnings Year Record Program Student Deferment in Earnings Year Record Program Student GE Attendance in Earnings Year Record Program Loan Holders Record Trailer Record

  13. File Contents Record Type Indicator 067899 9999 000000000 00NORTH SOUTH UNIVERSITY 067899 2008010903011000072828A05 Animal Health. 067899 2008010903011000000019A1000011 Y555110105LESLIE 067899 2008010903011330050003A150001120095 0678992008 200903 067899 2008010903011440050401A20000112009520095 0678990020080401SFA2 067899 2008010903011440050401A25000112009520095AA01090401200905022009 067899 2008010903011440050401A30000112009520095B220090601CD005001E004 067899 2008010903011440050401A35000112009520095CADE2009070120090901 067899 2008010903011000050001A4000011 067899 UNIVERSITY O 067899 2008010903011000000019A4500011 0678990020090901SFAE 067899 2008010903011100050001A5000011 01090201200910012009 067899 2008010903011000000101A55L800022BIRMINGHAM TRUST NATIONAL BANK 067899 999999 000000000 99NORTH SOUTH UNIVERSITY

  14. Program Header Record Example Program Name Credential Level Calculation Type Calculation Year Filler Record Type Filler Filler Filler School Code CIP Code ----+----1----+----2----+----3----+----4----+----5----+----6----+----7----+----8 067899 2011900000011 05TEST PROGRAM NAME

  15. Viewing Debt Measures and Loan Medians on NSLDS

  16. Debt Measures on NSLDS All debt measures for all programs Click for detail

  17. Debt Measures on NSLDS Debt measures details for a single program Click to initiate backup request

  18. Loan Medians on NSLDS Click to initiate backup request Loan Medians for all programs

  19. Requesting Backup Data on NSLDS

  20. Requesting Backup Data – Debt Measures • Credential Level • Debt Measure • GE Debt Measures Backup By Calculation Year Report • Select: • One or more calculation years • Various formats – to receive all programs in a single file, or each program in its’ own file • Two Reports Available • GE Debt Measures Backup By Program Report • Select one or more: • Calculation Year • CIP Code

  21. Requesting Backup Data – Debt Measures Click to request

  22. Requesting Backup Data – Debt Measures Select one or more programs

  23. Requesting Backup Data – Debt Measures • Formats: Single File or Multiple File • Single File will create one file for each program requested • Multiple File will create one file with ALL programs requested contained within it

  24. Requesting Backup Data – Loan Medians • Credential Level • Loan Median • GE Loan Medians Backup By Calculation Year Report • Select: • One or more calculation years • Various formats – to receive all programs in a single file, or each program in its’ own file • Two Reports available • GE Loan Medians Backup By Program Report • Select one or more: • Calculation Year • CIP Code

  25. Requesting Backup Data Two reports available

  26. Requesting Backup Data – Loan Medians

  27. QUESTIONS?

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