Financial Value Transparency and Gainful Employment: Earnings Thresholds for Calculation Year 2024, 107130 [2024-31271]
Download as PDFAgencies
[Federal Register Volume 89, Number 250 (Tuesday, December 31, 2024)] [Notices] [Page 107130] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2024-31271] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF EDUCATION Financial Value Transparency and Gainful Employment: Earnings Thresholds for Calculation Year 2024 AGENCY: Office of Postsecondary Education, Department of Education. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Secretary announces the annual earnings thresholds used to calculate the earnings premium (EP) measure as part of the Financial Value Transparency and Gainful Employment (FVT/GE) regulations. SUPPLEMENTARY INFORMATION: On October 10, 2023, the U.S. Department of Education (Department) published final regulations on Financial Value Transparency (FVT) and Gainful Employment (GE), which became effective July 1, 2024 (88 FR 70004). These regulations, in part, establish an annually-calculated EP measure, which compares the median annual earnings of students completing an educational program at an eligible institution to a specified earnings threshold. This earnings threshold, as defined in 34 CFR 668.2, is based on data from the U.S. Census Bureau and is calculated as the median earnings for working adults aged 25-34 who either worked during the year or indicated they were unemployed when interviewed, with only a high school diploma (or recognized equivalent) in (1) the State in which the institution is located or (2) nationally, if fewer than 50 percent of the students in the program are from the State where the institution is located, or if the institution is a foreign institution. Under 34 CFR 668.404(a), the Secretary uses the appropriate earnings threshold under the definition to determine if an educational program passes the EP measure. A program passes the EP measure by demonstrating that the median earnings for program graduates exceed the appropriate State or national earnings threshold.\1\ --------------------------------------------------------------------------- \1\ Institutions with main campuses located in a U.S. Territory or the Freely Associated States do not receive a calculation of the EP measure for their educational programs. Therefore, this table only includes the 50 states, the District of Columbia, and a national earnings threshold. --------------------------------------------------------------------------- As required by 34 CFR 668.404(b)(3), the following table lists the earnings thresholds for each State and the District of Columbia, as well as the national threshold. The earnings thresholds published in this notice apply to EP measure results for calculation year 2024: \2\ --------------------------------------------------------------------------- \2\ These earnings thresholds are derived from the 2022 American Community Survey 5-Year Estimates Public Use Microdata Sample from the U.S. Census Bureau. ------------------------------------------------------------------------ Median earnings State (whole dollars) ------------------------------------------------------------------------ Alabama................................................. 27,836 Alaska.................................................. 35,457 Arizona................................................. 32,284 Arkansas................................................ 28,502 California.............................................. 32,476 Colorado................................................ 35,571 Connecticut............................................. 33,286 Delaware................................................ 31,316 District of Columbia.................................... 32,592 Florida................................................. 29,609 Georgia................................................. 29,609 Hawaii.................................................. 34,203 Idaho................................................... 33,397 Illinois................................................ 30,793 Indiana................................................. 31,316 Iowa.................................................... 34,203 Kansas.................................................. 30,782 Kentucky................................................ 28,996 Louisiana............................................... 28,996 Maine................................................... 32,311 Maryland................................................ 33,397 Massachusetts........................................... 35,438 Michigan................................................ 28,996 Minnesota............................................... 34,795 Mississippi............................................. 27,362 Missouri................................................ 30,156 Montana................................................. 30,058 Nebraska................................................ 31,316 Nevada.................................................. 33,172 New Hampshire........................................... 37,850 New Jersey.............................................. 32,832 New Mexico.............................................. 27,836 New York................................................ 30,793 North Carolina.......................................... 29,344 North Dakota............................................ 34,203 Ohio.................................................... 30,793 Oklahoma................................................ 29,810 Oregon.................................................. 31,695 Pennsylvania............................................ 31,727 Rhode Island............................................ 34,203 South Carolina.......................................... 30,156 South Dakota............................................ 31,385 Tennessee............................................... 29,609 Texas................................................... 31,171 Utah.................................................... 34,795 Vermont................................................. 33,397 Virginia................................................ 33,043 Washington.............................................. 35,027 West Virginia........................................... 28,996 Wisconsin............................................... 33,397 Wyoming................................................. 36,480 United States (national earnings threshold)............. 31,269 ------------------------------------------------------------------------ Accessible Format: On request to the program contact person listed under FOR FURTHER INFORMATION CONTACT, individuals with disabilities can obtain this document in an accessible format. The Department will provide the requestor with an accessible format that may include Rich Text Format (RTF) or text format (txt), a thumb drive, an MP3 file, braille, large print, audiotape, compact disc, or other accessible format. Electronic Access to This Document: The official version of this document is the document published in the Federal Register. You may access the official edition of the Federal Register and the Code of Federal Regulations at www.govinfo.gov. At this site, you can view this document, as well as all other Department documents published in the Federal Register, in text or Portable Document Format (PDF). To use PDF, you must have Adobe Acrobat Reader, which is available free at this site. You may also access Department documents published in the Federal Register by using the article search feature at www.federalregister.gov. Specifically, through the advanced search feature at this site, you can limit your search to documents published by the Department. Program Authority: 34 CFR 668.2 and 34 CFR part 668 subpart Q. Nasser Paydar, Assistant Secretary for the Office of Postsecondary Education. [FR Doc. 2024-31271 Filed 12-30-24; 8:45 am] BILLING CODE 4000-01-P
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
