The California Bureau for Private Postsecondary Education has sent stakeholders clarification regarding Student Performance Fact Sheet (SPFS) reporting data requirements. Here is the verbatim text:
There are some concerns for the reporting of data on the School Performance Fact Sheets (SPFS) that are due December 1, 2016.
Job Placement and Salary/Wage data for the 2014 and 2015 reporting years may use the “suggested” language approved by the Bureau.
The school may have an inability to report the job placement data to the Bureau by Dec. 1 due to the newly adopted regulations. The Bureau suggests, in such case, that the relevant job placement and salary/wage data points in the SPFS be replaced with the following note: “Because of the change in the Bureau’s reporting regulations, which became effective on July 14, 2016, this institution was not required to collect the data for its 2015 and prior graduates.” On the annual report, you will report zeros (0) for Job Placement data and for Salary/Wage data.
Student Loan/Debt reporting – When reporting on the Annual report the information will be aggregated for the institution. When reporting the Student Loan/Debt information on the performance fact sheet (which must be by program) the information will be for the particular program being reported. It should be reported in a format substantially similar to this:
Federal Student Loan Debt at (Name of Institution)
Percentage of students who defaulted
on their federal student loans at this school: XX%*
Percentage of students enrolled in 20XX who took out federal student loans to pay for this program: XX%
Percentage of graduates in 20XX who took out federal student loans
to pay for this program: XX%
Average federal student loan debt of 20XX graduates who took out
federal student loans at this institution: $XX,XXX
*The percentage of students who defaulted on their federal student loans is called the Cohort Default Rate (CDR). It shows the percentage of this school’s students who were more than 270 days (about 9 months) behind on their federal student loans within three years of when the first payment was due. This is the most recent CDR reported by the U.S. Department of Education.
CEC 94910(h), 94929.5(a)(4), 5 CCR 74112 (g)(1)