IHEP and 15 partners share recommendations for the timely implementation of the Financial Value Transparency framework
Washington, DC (June 17, 2024) –The Institute for Higher Education Policy (IHEP) and 15 other partner organizations responded to the Department of Education’s (ED) information collection request regarding the Financial Value Transparency framework. To help institutions accurately report required data elements and ensure the timely implementation of the Financial Value Transparency framework, we urge ED to:
- Maintain the institutional reporting deadline of October 1, 2024.
- Publish clear and comprehensive guidance on the Financial Value Transparency and Gainful Employment Information website and actively communicate with the field when guidance is added or updated.
- Provide responsive technical assistance to institutions.
- Minimize reporting burden by replicating data formats that institutions are familiar with.
The framework will inform data-driven decision-making among institutions and policymakers at all levels, ultimately enabling students to reap greater returns from their postsecondary investment.
Read the full letter here.
