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Gainful Employment APSCU's Strategy - Republic Report
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Gainful Employment APSCU's Strategy - Republic Report
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Program Level. CDR (pCDR). No equivalent provision. For each iscal year, the Secretary determines the pCDR of a GE progr
Gainful Employment APSCU’s Strategy February 20, 2014 Steve Gunderson, President and CEO, APSCU
Gainful Employment Rule Comparison Applicable Students GE Metrics
Program Level CDR (pCDR)
Loan Repayment Rate Passing
Final Rule (2011) Title IV & non-‐Title IV
Dec. 13, 2013 Draft Title IV Only
Completers & non-‐completers
Completers & non-‐completers
Annual debt-‐to-‐income (aDTE)
Annual debt-‐to-‐income (aDTE)
OR
OR
Debt-‐to-‐discretionary income (dDTE)
Debt-‐to-‐discretionary income (dDTE)
OR
Program level CDR (pCDR)
Loan repayment rate
For each Giscal year, the Secretary determines the pCDR of a GE program using the same methodology used to calculate the institutional CDR
AND
No equivalent provision
Loan repayment rate
Removed before session three
aDTE ≤ 12% OR dDTE ≤ 30%
aDTE ≤ 8% OR dDTE ≤ 20%
or
and
loan repayment rate
2
pCDR 12% and dDTE>30% min program size: 30 amortization: 10/15/20yrs by credential interest rate 3.37%
metrics: annual DTE*, discretionary DTE* Pass: aDTE≤8% or dDTE≤20% Zone: 8%30% min program size: 10 amortization: 10yr all credentials Interest rate 3.37%
2013 Draft Regulation (pCDR only)
5,539
11,050
6,815
metric: program cohort default rate** Pass: pCDR
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