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July 1, 2011

MATC Provides Information on
Gainful Employment Programs

MILWAUKEE – In accordance with U.S. Department of Education requirements, Milwaukee Area Technical College is providing information on its Gainful Employment programs. The information can be accessed at this link - http://matc.edu/student/offerings/gainful_employment.html

A Gainful Employment program “must lead to a degree or prepare students for "gainful employment in a recognized occupation.”

According to the Department of Education, a program would be considered to lead to gainful employment if it meets at least one of the following three criteria:

  • at least 35 percent of former students are repaying their loans (defined as reducing the loan balance by at least $1);
  • the estimated annual loan payment of a typical graduate does not exceed 30 percent of his or her discretionary income;
  • or the estimated annual loan payment of a typical graduate does not exceed 12 percent of his or her total earnings.

More information about Gainful Employment programs is available at http://www.ed.gov/category/keyword/gainful-employment

 

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