In October 2015, the U.S. Department of Education enacted regulations called Gainful Employment (GE). If this legislation remains in place, it will cause approximately 40% of U.S. cosmetology programs to lose Title IV funding programs that help many students achieve their goals of becoming licensed professional stylists. The first set of draft rates have been provided to schools, and final rates are due in January 2017. At that time, schools that fail the metrics will have one year to come into compliance or lose all Title IV programs for their cosmetology students. As we know, there is a high demand for licensed professionals in the salon and spa industry. If GE remains in place, it will create an even greater shortage for one of the fastest growing industries in the U.S.
As an industry, we need your help to support not only Paul Mitchell Schools but also our future licensed stylists, barbers, and industry professionals by taking action to stop Gainful Employment now!
If you'd like to learn more about Gainful Employment, please visit the U.S. Department of Education’s website at https://ifap.ed.gov/GainfulEmploymentInfo/indexV2.html
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