This week, the U.S. Department of Education launched a new earnings indicator to complement the Free Application for Federal Student Aid (FAFSA) process.
As part of the FAFSA application, prospective students submit their personal information to the institutions they have expressed interest in attending. Once the form is complete, the FAFSA will present key financial data for each selected institution. If the institution’s average earnings are below the average high school graduate, the form will generate a “lower earnings” disclosure. The Department has stated that this information will help prospective students and families better navigate their postsecondary application journey.
According to the Department, more than 2 percent of undergraduate students nationwide attend an institution where graduates earn less than a high school completer on average.
The new features of this indicator include:
· Enhanced Transparency
· Publicly Available Data
· Providing Additional Student Support
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