# 1,800 Colleges Fail to Report Earnings Data US Department of Education issues final warning to institutions not sharing student debt information. - **Source:** [The College Investor](https://brifing.si/source/d431d77d-492e-4105-be7c-2525bbb643ab) - **Published:** 2026-08-31 - **Original article:** - **On Brifing:** https://brifing.si/s/ca4a05f6-6476-4455-b7a7-e93c0b42191d ## Reporting Crisis According to US Department of Education data, over 1,800 higher education institutions failed to submit at least one required Financial Value Transparency (FVT/GE) file for 2024-2025 reporting cycles. This represents 38.7% of schools in the federal student aid system. 612 institutions haven't submitted any files. The Department set January 15, 2027 as the final deadline. ## Enforcement Threat The Education Department warned it may impose fines and sanctions on institutions missing the final deadline. Incomplete reporting could risk schools' participation in federal aid programs. FVT/GE rules implemented in 2023 aim to cut federal loans to programs whose graduates don't out-earn high school graduates. ## Sector Breakdown Reporting gaps vary by sector: 53.5% of private for-profits have missing files, compared to 34.8% of private nonprofits and 28.5% of public institutions. Foreign institutions performed worst at 78.9%. For-profit and certificate programs are specifically targeted by these regulations. ## Data Requirements Required submissions include program files, student annual amount records, and student total amount records. Program files must cover all programs with at least 30 federal aid recipients over four years. Student files must include all federal aid recipients in these programs, showing actual out-of-pocket costs. ## New System Transition Institutions can opt for early adoption of the new Student Tuition and Transparency System (STATS) for 2026 reporting, reducing burden by omitting certain data elements. However, all institutions will be subject to new earnings premium accountability measures starting July 1, 2027. ## Family Impact Missing data means families can't fully understand college costs. The Department plans to publish statistics derived from FVT/GE and STATS data in 2027. Starting 2028, annual reports will use only STATS data. This will let families see program-level earnings data before borrowing. ## Accountability Measures New rules effective 2027 will deny federal aid to programs where graduates' earnings fall below thresholds. This particularly affects for-profits targeting low-income students. The system aims to measure ROI on educational investments, potentially reshaping the higher education market. ## Higher Education Turning Point These regulations represent a major transformation in US higher education financing. Program-level transparency will enable more informed student decisions. Long-term, low-return programs may exit the market. System success depends on institutional compliance and data quality. ## Sources covering this story - https://thecollegeinvestor.com/87582/department-of-education-says-nearly-1800-colleges-havent-reported-required-earnings-data/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._