Generally, in order to be eligible for funding under the HEA Title IV student assistance programs, an educational program must lead to a degree or it must prepare students for “gainful employment in a recognized occupation.” With very few exceptions, all educational programs offered at for-profit institutions must lead to gainful employment in a recognized occupation. Under the regulations that go into effect on July 1, 2012, an educational program is considered to provide training that leads to gainful employment in a recognized occupation if the most recent repayment activity of the students that previously attended the program result in an average Repayment Rate of at least 35 percent; or the average annual earnings for students that completed the program compared to the annual loan payments on those earnings results in a Debt-to-Earnings ratio of no more than 12 percent; or no more than 30 percent of the average discretionary income for those former students. Gainful Employment rates for MECC programs include graduates from July 1, 2013 and June 30, 2014.
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3441 Mountain Empire Road
Big Stone Gap, VA 24219
Phone: (276) 523-2400
Fax: (276) 523-8297
Email: Contact Us
Hours of Operation: M-F, 8 a.m. to 4:30 p.m. Library & Student Services offer extended hours.
Big Stone Gap, VA 24219
Phone: (276) 523-2400
Fax: (276) 523-8297
Email: Contact Us
Hours of Operation: M-F, 8 a.m. to 4:30 p.m. Library & Student Services offer extended hours.